Ann: Application for quotation of securities - LNR, page-6

""""why did they buy at that time? """

Clearly they got that completely wrong didn't they, there is certainly no way they got it right!

As far as locations go, the SP of LNR is telling the story, not you,the market is !

Basically in my opinion, the market can now see what is going on, and all this dumping into 0.003 shows in my opinion the market has no confidence in LNR, it's management, and it's projects,and going by history, that may well be justified.

Management may have thought they needed to resort to extreme measures to keep the company afloat, so if that was the case, then issuing shares to who knows who at 0.003 was always going to result in what we care seeing now.
And given the cash was only $1.5m for this latest 565m issue @0.003, how long do you think that will last and the next CR will be needed.

But by all means stick to your guns and buy more if you feel it's good, I wish you and especially poor LT holders well.