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Ann: Appendix 3B-LWP.AX, page-25

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rony18

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07/09/16

15:02

Post #: 18996048
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Originally posted by BrayWyatt ↑

Listing rule 7.1 allows a company to issue up to 15% of its issued capital in a year and listing rule 7.1.A allows an additional 10% capacity of approved by shareholders.

The latest 3B announcement gives the number of shares still able to be issued within these limits without approval. Large placements such as the one to Lanstead were approved by shareholders so don't count under these limits.

Not having good control over the register and issuing of shares can hamper future shareholder gains as we have seen here with the shares on issue going from under 2billion to nearly 6 billion in just over a year.

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Even hotcopper has a severe lack of interest in lwp now. Went a whole day without a post. Market depth changed immensley too. It needs a good announcement

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