Whether the share price rises or falls, Lanstead make a profit regardless. They got paid by LWP to buy shares at a 25% discount to the vwap after being issued all their shares up front. The worst they can do is make 25% profit and having so many shares gives them complete control. A very poorly thought out deal for a fully funded company but fits in very well with the rest of this companies announcements.
Ann: Graphenera Update-LWP.AX, page-190
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