the reasoning behind the response is simply b/s.
what is clear is that, whilst the niceties of the ASX Rules being massaged back into place keeps the ASX happy, it does not resolve the problems of the losses suffered by shareholders, and losses suffered by LWP itself!
There is no doubt that when LWP was hammered by the ASX because of the breaches by LWP directors, that the SP suffered, and hence losses were suffered by shareholders. Also the actions also would have caused LWP to itself suffer losses.
The real problem here is that no one is actually bringing these people to account. ASX is failing, and ASIC is failing.
LWP Price at posting:
0.2¢ Sentiment: None Disclosure: Held
