as a lead on to 2 its no wonder that the SP is manipulated to...

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peak2peak

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30/09/21

18:40

Post #: 56477814
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Originally posted by peak2peak: ↑

These annual accounts could.'ve been covered in 25 to 30 pages. Padded out with the usual propaganda and unnecessary information in an
attempt to give it substance. 70 odd pages of it. There are items on nearly every page that could be commented and the overall picture is
one of gross mismanagement. Nuthin positive. Any other ASX company the CEO would be lucky to keep the job.

ASX:LIT anns never fail to give me a chuckle,
1. His ( george on AG.)
unwavering commitment to staying ahead of the market and maintaining the Company's role as part of the global solution to the
challenges facing the planet is highly valued; as Chairman, I would like to thank him on behalf of the entire board.

2
Based on the cash flow forecasts and other factors referred to above, the directors are satisfied that the going concern basis of
preparation is appropriate given:
- On 5 August 2021, the Group raised $1,775,000 via a Controlled Placement Agreement;
- On 10 September 2021, the Group received $500,000 for payment of partly paid shares;
- On 13 September 2021, the Group raised $410,000 via a Controlled Placement Agreement;
- On 24 September 2021, the Group raised $557,837 for payment of partly paid shares;
- The Group has the ability to defer discretionary costs as and when required; and
- In particular, given the Company’s history of raising capital to date, the directors are confident of the Company’s ability to raise
additional funds as and when they are required.

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as a lead on to 2
its no wonder that the SP is manipulated to hold above 12 cents. LIT are desperate to get those party paid converted . they would only have
$9 or10mil in the bank less the $5 mil fire payout. $5mil is not going to last the new tax year out.

OOOhh more expensive finance

LIT Price at posting: 12.0¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

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as a lead on to 2 its no wonder that the SP is manipulated to...

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as a lead on to 2 its no wonder that the SP is manipulated to...

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