So LWP has done the due diligence (twice) & the sophs forked out the cash quick smart to get in (and you would think they would of done their own research into the tech.), but you are basically saying that both groups didn't do the correct d.d and that both groups are investing $1.6 mill. on a whim? classic
"LWP Technologies Limited (ASX: LWP) (“LWP” or “the Company”), is pleased to announce that the Company has successfully closed a $1,600,000.00 capital raising through a Placement to Institutional and High Net Worth individuals, which was overwhelmingly supported and closed oversubscribed. The placement to sophisticated investors was to fund LWP’s investment in a revolutionary new AlGraphene battery technology (ASX Announcement 14 June 2016)."
LWP Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
