LPD 0.00% 0.3¢ lepidico ltd

Fact check:Shareholders who purchase shares in the secondary...

  1. 864 Posts.
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    Fact check:

    Shareholders who purchase shares in the secondary market (such as ASX) pay money to the seller of those shares. It is false and misleading to say:

    "Our money has allowed these people to earn very good wages and it’s time for them to deliver.", especially when the "our money" spoken of was actually paid to the seller, not to the company.

    The only money that is being used to deliver on the company strategy (including the payment of G&A expenses) is money received through capital raises, most of which came from existing investors, not upset speculative traders looking to off-load in the low $0.02s.

    To the speculators crying in their beer, my heart bleeds for you - buckets and buckets of lumpy custard.
 
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