That 10% rule is for issuing shares without shareholder...

That 10% rule is for issuing shares without shareholder approval.
They can issue whatever they like with approval, and given a few get all these cheap shares, they are in a position to vote.
Watch this drop back to 0.003, because the market is aware that they need to spend $10m to get 50% of that lease, money LNR do not have.

Those newbies buying the expensive shares immediately prior to the TH for CR will get the picture very soon sadly.

This end of the penny dog sector is becoming unbearable and not just LNR.

Never buy cash strapped penny shares with over a billion shares on issue, asking for trouble imo.

Look at 88E, they have capital raised so many times they now have like 20BILLION shares on issue, and can now use the 10% rule and make heaps for their "sophisticateds" who get the shares below market price and sell into it !