Nothing new in the Chairman's address just a rehash of what is already known.
ASIC here is the admission from the company that milestone shares were issued despite a JV not being formalised:
In early October, representatives of Hallmark Minerals from India visited Australia to discuss the Joint Venture with LWP. Hallmark advised that key steps to formalise the proposed JV had not occurred and that they wished to withdraw. A review of the formal documentation revealed that certain steps defined in the agreements had not been actioned despite Milestone Shares in LWP being issued to the vendors and shareholders of Ecopropp Pty Ltd.
This could also be seen in the statutory financial reports and auditor reports.
ASIC: When are you going to take some action against the former directors as this is what drew in a lot of shareholders and caused them to lose money?
LWP Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
