Ann: LIT: Response to LPD statements made on 1 and 10 March 2017, page-39

LPD is continuing on business as usual. Drilling is happening. DFS is happening. Contracts and agreements are still happening. Unfortunately we have been bullied since November by a competitor. Firstly with the court case and then with this stupid ill advised and destined to fail TO. This has the affect of hobbling the share price which restricts the ability to raise cash.
This will carry on for another 34 days unless LIT withdraws, or is told that the TO does not meet the AAAC anti-competition rules, or ASX steps in or ASIC steps in.

At the end of the 34 days it is very doubtful that LIT will have 90%, so there will not be a compulsory buyout of the stragglers. It will be doubtful that they will have 80% so everyone that does sell out will have a CGT event and will have to deal with the tax issues. It is doubtful that they will get 51% so that they will be able to vote the existing board out and take over. Anything less than 50% will be a fail, but allow another chance buying on market. Less than 30% (most likely) will be a miserable failure.

Once free of these bully tactics, the LPD share price will jump up to the 3-3.6 cents it is worth now. LIT should have or should be put on some restriction on dumping their LPD shares. If they dumped them at a loss, the BOD of LIT would have a case to answer to their shareholders.