LPD lepidico ltd

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0.2¢

DOCA, LiQUIDATION or CONTROL RETURNED TO BOD, page-18

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10/12/24

09:07

Post #: 76978256
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Originally posted by EDTD ↑

I'd agree with that. I admire your optimism @mechanic and I am sorry for your losses given you are a little bit older, however from what I know at my own work's corporate restructuring unit, handing back board control is a very rare outcome.

In reality, we have little cash and no revenue streams, we do not have a deal, and we have a corporate structure which effectively has retained IP in private hands - which in one scenario is advantageous as it would have protected LPD from buyout, but on the other hand, means that the owner of that private interest has been able to treat LPD like a quasi-special purpose vehicle (Ok we own one or two assets, the Namibian mine/a few tenements etc, however it's worthless without processing). We've got all the liabilities, which shouldn't in theory be much - unsure of the status of office leases - and employee entitlements.

I wouldn't expect much out of this and if miraculously somehow a deal was cobbled together - put yourself in the other side's shoes - they could offer the most paltry deal imaginable and we would have to take it, or effectively buy the assets for cents on the dollar. Existing shareholders would be left with a homeopathic dose of equity.

I think the chance of LPD renewal or survival from here is approaching absolute zero though I'd be watching for any amazing new companies with Cornish Lithium tech and Gazza Johnson attached popping up in the next few years, especially if lithium prices start edging up. Again, I hope holders are doing ok on other investments. Happy christmas/new year to all.

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Agree, unfortunatley.
Id also like to say i hope people are doing ok, especially the older ones although im getting there myself and years ago when i first bought in during the PLP days this was going to be my retirement fund so im gutted too what this pack of pricks has done.
I know some were still keen buying like C Brooks and we havent heard from him so if your reading this I hope your ok.?
GLTA.

LPD Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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DOCA, LiQUIDATION or CONTROL RETURNED TO BOD, page-18

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