and of course, LWP does Consolidation first ---> so 500,000 Old shares at $0.001 = $500.
then post Consolidation would hold 7,142 at $0.07 = $500.
they can only do the Unmarketable "expropriation" after LWP relists - because they have to sell shares on open mkt (I think).
So when LWP relists post consolidation shares, everyone will dump shares, and 7c becomes say 4c.
So when LWP attempts to sell the Unmarketable parcels of shares, those 1405 Unmarketable parcels of shares suddenly becomes maybe 2,000 shareholders with Unmarketable parcels.
You can betcha that LWP will use the 25% Placement capacity to issue new shares before LWP relists then.
They will do that in conjunction with a proposed acquisition of O&G assets. I bet those assets are in US.
LWP will need to re-apply to ASX to re-list. That is costly, and time consuming.
We will be diluted to blazes.
All just imho.
LWP Price at posting:
0.1¢ Sentiment: None Disclosure: Held