Ann: Appendix 3B-LWP.AX, page-17

They issued shares at a price of 1.5c shortly after the Graphenera announcement and we had some on here claiming that's what the share price should've been and the level the company wanted to raise capital at.

I think it allows them to claim more expenditure than market value then the consultants can sell the shares at market value and claim a loss on the transaction. The issue at a higher price than market price seeks to give the impression that consultants and contractors are happy to receive shares at these levels but I can't say I know of too many consultants who accept shares as payment.