yes, given the cash of $864k left at end May. It spent about $450k in May.
If we add shares worth say $400k, then LWP and cash and equities of about $1,264k.
They will spend say $400k June leaves $864k if we are lucky at end June.
Then they spend $400k this month - that leaves $464k at end of this month?
so by end August there would be no money left???
So no news of court case since Feb?
LWP is claiming at least the $770k.
So when LWP has at best about $800k cash and shares left to survive, then the outcome of legal action to recover that $770k is highly material to the survival of LWP and its Solvency imho.
What about Continuous Disclosure obligations?
What about Solvency issues?
Also remember that LWP has legal obligations evidently, to fund that US$17,000 p/m to Hallmark.
Also, what happens now with costs of LWP legals, any costs orders against LWP to pay VV legals, plus any damages awarded against LWP ????
ASX needs to get on top of this as a matter of urgency imho.
LWP Price at posting:
0.1¢ Sentiment: None Disclosure: Held
