Ann: Quarterly Activities Report & Appendix 4C, page-23

@Lyzaqu

the last company that I invested in has a gross margin of less than 20% is SIG at 54c, which generated some $800m revenue, which is called scale.

Another stock I am currently holding is SGI which generated some $65-70m sale a year, its gross margin is 28%, its market cap is $8m backed by both assets and cash ... as a comparison, bank charges them 3.6% on an $8m loan facility from my memory vs 10% for LPE

so you have a large end of town, you have a small end of town.

I am not saying LPE is a dead cat, but the current shareholders will have very little chance of gaining anything in my opinion.

A good indicator would be one of its top holders, Defender Equity/Woodville, I know them in person, they are some investment/equity accountants, they hardly lose anything, they have been cutting their holdings on LPE.