It is worth noting that the securities have been trading at or about 0.1c since March due to shareholders being aware of the information that LWP is now disclosing.
LWP got queried by the ASX about their cashflow in May and stated that:
They state that they have lodged their claim for FY 2016 but today they state that they have not lodged their claim for FY 2016, which is correct?
Today's announcement also mentions that they voluntarily reduced their claims for 2014/2015 back in March by approximately $1m to just under $600,000 yet in the May ASX query they only refer to the full amount of $1.6 - $2million. What's a million bucks between friends.
Continuous disclosure - yeah right. The only time information is revealed is when queried by the ASX. It should be also noted that FY 2016 is when lots of questionable activity was undertaken by these guys so if they haven't lodged their FY 2016 claim, its probably a good idea not to. IMO of course.
Ann: Response to ASX Query, page-5
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