Ann: DIRECTORS ESCROW 91% OF HOLDINGS, page-14

The stratum directors valued locality planning back then as worth $30 million so they issued 1.5 billion shares to the vendors at 2c each. They then craftily said “we only value LPE at $30m because of your forward sales projections” and got the vendors they were buying LPE off to take 40%ish of the $30m in shares now and 60% only if they hit their forward sales projections.

If you valued locality planning as worth just $13m back then (all performance shares removed) then if you bought shares at any price above 1c you’ve overpaid or didn’t read the prospectus properly.