I have to regard the payment of consultants and others in shares as suspicious
Assuming these consultants can do basic maths and think the shares worthwhile, why would they accept payment @ .5c when they could take real money and buy @.3c or .4c. There are plenty available
As a beneficial side effect it would create some demand in a flaccid market, yet LWP persistently repeats this strategy
Since shares are being used in lieu of cash, share holders should have knowledge of the transactions. How else can a judgement be made on managements fiscal responsibility.
If consultants have special knowledge that makes it sensible to take overpriced shares. Wouldn't that be a form of insider trading ?
Perhaps it about creating the illusion the shares have more value than market price. I note the share start and closing auction is carefully managed to achieve an above market result( VWAP ) Here on Fridays close 1000 shares pushed the close up, while the 299000 cancelled out
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- Ann: Appendix 3B-LWP.AX
Ann: Appendix 3B-LWP.AX, page-14
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