There has never been any punishment applied to LWP by the ASX...

There has never been any punishment applied to LWP by the ASX despite the repeated listing rule breaches. They have only required breaches be rectified but no further action. The ASX certainly has the power to do more, it has chosen not to as it continuously deems these matters mistakes.

The question needs to be asked - how come the ASX has failed to identify any of these issues of their own accord without being alerted to them by shareholders.

While they have put them on monthly cash flow reports, there are inconsistencies in the figures in the reports which aren't followed up so not much point in the ASXs actions.

Referring to ASIC is a cop out when it gets too hard, they know as well as we all do that ASIC does nothing.