Ann: Chairman's Address to Shareholders, page-2

it makes me feel ill.

"and as a result incorrect information as to the scale of potential tax office rebates had been released to the market claiming that over $2m of rebates were owed to the Company."

( this info was provided to the ASX way back, to justify that LWP was solvent! From memory also Included in that response to ASX, was the untruth, that LWP had access to further funds from Lanstead. All bullshit)

"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."

(and we figured this out also, after the event, when LWP announced the completion of "formal documentation" months if not years after the Milestone shares were issued. We were fed lies. Straight lies. and as a result the vendors and directors were issued shares which cemented their control of LWP. with the results as we have now seen, with investigations ensuing from ASIC.) So WHY have those directors not been stripped of their shareholding in LWP ???)

"In January 2018, ASIC advised the Company that an inquiry into certain activities had commenced and issued a Notice under Section 33 of the Corporations Act for information in addition to that included in the Independent Corporate Governance and Independent Legal Review reports. The Company continues to co-operate fully with the ASX and ASIC during this process. ASIC representatives have advised the Company of ASIC Information Sheet 152: "Public Comment". As the matters are ongoing, no further comment can be made at this stage and an update will be made to the market at the appropriate time as guided by ASIC and the ASX."

"It has been a challenging year for all of us. In the current environment of social media and the ability to anonymously make statements that may not be based on the underlying facts, it is important to understand the need for patience to allow due process to occur."

( the actions by shareholders and many ex-shareholders, is the VERY REASON WHY these unscrupulous ex-directors of LWP have been brought to account !
It is the ability of social media to cause the authorities to investigate, that is the important take-away from all of this.
If "statements that may not be based on the underlying facts" were made, it is because we were fed bullshit for years, and WE SHAREHOLDERS have not been provided with the results and facts included in those two reports !!)