Ann: Chairman's Address to Shareholders, page-96

Please discuss:

As promised, albeit delayed:

I Strongly believe that LCK’s FY 2018/19 was far from the success that some posters would have you believe.

• 8 January 2019 – 1 for 15 Non Renounceable Entitlement @12cents to raise $3,86 mil
• 25 January 2019 – Extension to take up offer
• 4 February 2019 – ASX letter to LCK questioning solvency
• 7 February 2019 – LCK reply to ASX advising that (coincidentally) $3 million has just been raised through a Convertible Notes issue to one of their Directors (who had no idea that the PCD might be only 2 weeks away from success).
• 11 February 2019 – 2^nd extension to take up offer
• 19 February 2019 – LCK announce PCD Success

• 3 April 2019 – Director converted the Notes to $3 mil of shares.

This Director ALSO pocketed a WHOPPING $1,818,013 in INTEREST payable in shares.

This Director ALSO pocketed an arguably obscene $397,500 placement fee also payable in shares.

For a 8 WEEK Loan.

This Director ALSO pocketed $210,833 in Consultancy fees in FY 18/19

Total Share Dilution for the year over 21 %

In Part Two I shall discuss Director Remuneration, Staff movements and Options/Performance share Issues.

LL