Monthly conversion rates are due a significant increase, the...

Monthly conversion rates are due a significant increase, the maths require it.
This is a line from a Ben Chester email, responding to a question about the 16 week average conversion target dated 13/04/17
"LPE maintain a 16 week conversion rate average for an embedded network.
Averages are funny things we have a lot which are done in one 4 weeks and others that take 40"

15/02/17 there were 117 gwh under contract awaiting conversion, going by the above averages it will all be completed in 40 weeks

117 divided by 40 weeks = 2.9/week

2.9 x 4.33 weeks/month = 12.6/month

The average conversion rate of 12.6gwh/month has not been achieved yet with March coming in at 7.65 so the required average rises again
117 - 7.65 = 109.35

109.35 / 35.67 weeks remaining = 3.07/week (13.27/month)

Given that this is an average required we may not see it this month, but the average over the next 35 weeks will. I  expect this as a minimum, as new  under contract signings will occur, some of which will be quick conversions falling inside the same time frame, adding to the expected 13.27gwh/month average

As with others here I believe we will continue with a period of share churn that will hold the average price back below 2.5c until the Armada Capital 75 million 2.5c options expire on 30/06/17. With the termination of their services after the directors loan, I get the impression they are not welcome on the register. Speculation on my behalf, but perhaps explains our trading range so far below true value.
As we have all witnessed here a dominant broking house has a very strong influence on share price, but in the end they will want to see the share fully valued too.