Equity investment, page-20

Even though it is common sense, 20 years in the game would always suggest investing significant portions of the companies money in illiquid species is not a good idea - but it's someone else's money right?

Difficult to do much about without further information as they can just claim they thought they were acting in the companies best interests on the advice of a trusted advisor. Unfortunately for the rest of Lwp shareholders, this advisor in now high in the top 20 and has Graphenera and likely a couple of other near 100% losses to his name.

Given the claimed size of the equity investments compared to cash on hand, the asx may require some disclosure on the makeup of these investments. There is a big different between market value and what these shares can be sold for given the illiquidity. Things may change if - for example - a certain party happened to be selling the shares lwp were buying in these illiquid stocks. Broker data will spell that out pretty easy.

Brings the case for a capital raise forward even more given the unlikelihood that these shares can be sold.