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Ann: Update on Licensee and Offtake Agreements-LWP.AX, page-134

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Mr Heman

2,595 Posts.

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16/04/16

00:49

Post #: 17518746
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Originally posted by ryan1986 ↑

Don't forget a price can go lower than 0.001.

Many here seem unaware of that. If a share price goes to a point where 0.001 is on the sell side and liquidity ends up toast, one of the few ways out of that is consolidation (something that LWP should have done back when the share price was above 1c if you ask me...).

After consolidation, the share price absolutely has the ability to move down further, and because it was allowed to get right down to 0.001 in the first place... it naturally wanted to go lower, but couldn't, so it would likely continue it's downtrend post-consol.

I am not saying the above is how this will play out at LWP. But just pointing out that when price manages to get to 0.001 and liquidity is shot - there is a high chance the price will go lower when it is enabled to do so (via consolidation) - hence this should have been consolidated a long time ago in my view.

I hope for all holders that there is a rabbit drawn from the hat soon on this one.

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Don't worry too much ryan1986 I am here to see that doesn't happen. All loaded up and ready for action.

LWP Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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