Ann: Appendix 4E - Preliminary Final Report, page-144

Ridiculous comments as per usual Dwhale! I agree that they need to raise funds at some point in the next 6-9 months but with Citi as their house broker there is absolutely no doubt that they can raise whatever funds they deem appropriate at any time. The only questions are the price, the quantum of funds raised and the dilution that results. I have stated previously that I think LVT will follow a similar path to NEA over the next few years. When NEA peaked around $4.20 it was trading on an ARR (they call it ACV but it’s the same thing) multiple of 20 times (admittedly pretty high). LVT is currently trading on an ARR multiple of less than 6 times. That is irrefutably cheap - simple as that!