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.
The stratum directors valued locality planning back then as...
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 16.0¢ | $30.4K | 190K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 156101 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 150961 | 4 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| LPE (ASX) Chart |
