It appears that more options of LKE are being converted into shares, the company does not produce anything of value, only benefiting those in higher positions at the expense of small shareholders who are risking their savings on the company. This has been a money grab for a long time.
On the bright side, Lake doesn't produce lithium but it does create Aussie millionaires.
Ann: Application for quotation of securities - LKE, page-2
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