Having been a long time holder and trader of LPD over the years - I am actually shocked that the company, haven shown so much potential and offering a clear direction to start up …. Now seem rudderless and bordering on solvency concerns.
They can’t raise again without a consolidation. Thats a given. The directors are not open to austerity measures around their excessive salaries for a company at this stage and this P1 funding debacle is never ending.
It’s a horrible look. Dare I say it - a lifestyle vehicle it has turned into. Particularly if directors won’t timid their salaries in lieu of assisting company progression. GJ - well he owns the tech, so there is a back door out for him through SM to take it with him.
I hope it proves otherwise - but I suspect this may not end well IMO. So sorry, actually, to say.
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