They should run them in parallel.Potential project and start the...

They should run them in parallel.

Potential project and start the ball rolling on distribution / wind up.

On potential project there is not a lot out there IMO that fits the bill. The company has likely already had the likes of Macquarie, Cannacord and others approach or are looking to approach with potentials. Their business models are based on fee generation so they would do a a bit of the donkey work.

You would expect if a potential project was found holders get to vote. If rejected they should be forced to wind up

In parallel the company needs to wind down its staff numbers and costs. They do not have any asset,

- If not billing GF at a premium they should be terminated bar skeleton admin / HR / Accts
- BOD numbers reduced
- No performance shares to be issued
- Start the process to sell the 1.5% income. They should get a premium.

I think it’s important that they try to get the company trading. You can wager alot of those calling for a commitment to wind up and the ASX refuses lifting suspension will be moaning in June 2025 when LLL are still sat un traded in a portfolio and gains or losses unable to be capitalised. An early wind up would require tranche 2 sold at a discount.

Don’t underestimate the opportunity cost of fees

On performance shares tough luck boys and girls. This has been a terrible outcome for shareholders. Your are lucky to have your job / get severance. Get GF to pay.

Everyone should contact the company to push for cost cutting.