sp drop caused by cr

The CEO and Board of LYC are responsible for the unfortunate timing of the CR
which Mr Market has obviously not liked and, IMO, caused the SP to drop
to a ridiculous 65.5c; 9.5 cents under the CR price.

Had the stock been allowed to trade a few weeks post the issue of the TOL,
the SP, IMO would have likely hit 95c+. Surely the $225 mil raised last
March hadn't been all used and one now has to seriously ask if this company
is acting for retail shareholders.

This year has now seen $375 mil CR with the prospect of another $50 mil
and , in light of all these developments, the company now needs to offer
market guidance re next years revenue, costs and profit or alternatively,
encourage an independant broker to do a valuation..

If senior management cannot make a reasonable forecast from here qualified
by a sliding scale of the basket value, then they should not be paid these
premium salaries.

At the moment it looks like wishful thinking and speculation is not doing the job.

With kind regards
Moorookamick