There's your problem, you said they need to do the responsible...

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DDuck

806 Posts.

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31/01/17

14:11

Post #: 22251470
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Originally posted by Neil1959 ↑

The legal steps taken by LWP, whether we all like it or not, must be taken for responsible reporting to its shareholder base. Yes, they stuffed up big time. We all know this, and many of us are feeling it.

If, and I say if, they do change management, then the Board and Shareholder base would demand these steps be taken to see the return of lost funds anyway. Whether that happens or not; return of funds; (probably highly unlikely) a default listing will be made on the Australian Company Register (ASIC) database against all negligent parties. [Future BAD Listing]

What has happened, is unfolding and what is to be, is a probably a good and hard lesson for everyone and part of the risk warnings that are associated with trading in speculative stocks. The big thing here (casino odds) is whether people continue to play the table (gambling) at the lowest rate hoping that they will get their stake back.

I think the rule can easily be applied here : " The House Always Wins". Those who lost and chose to walk away may be the injured winners at the end of the day. Those who hold "could" lose everything or the numbers at the table may turn. Nobody really knows. But I think there are plenty of examples over the 80 or so years of stock trading to make people assess their holdings.

This is not advice, or instructions...just observations on the current state of play.

I still walk past the table every couple of days and watch for changes...no reason to change my decision at this point of time .

Cheers...59

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There's your problem, you said they need to do the responsible thing.
If that were the care SK and DH would have had their incorrectly issued shares cancelled rather than sell them off for charity. Almost 2 months and no word yet on the sale of these shares or updated director holding statements.

Last edited by DDuck: 31/01/17

LWP Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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There's your problem, you said they need to do the responsible...

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