Ann: Lakes Oil to Appeal Judgement, page-55

lko management have no interest in replying to share holders.I contacted them in September with no reply. I would avoid buying at this stage  ... yes I agree they got screwed by labour. Although they knew it was coming but still waited till the last minute to take action. If management was serious they would consolidate the share volume; but they won’t because they know the share price will fall futher ... . IMO the 700m buyers at 0.001 will fall back with the share price after consolidation. it’s not in our interest for the shares to fall; although it’s extremely overvalued.   Are you investing on the hope of  assets in Victoria coming good?Seems all exciting; although very unlikely to pay off anytime soon. I’m actually extremely upset with management that they keep holding the share holders to this asset in Victoria. I know I’m not selling for that reason! Management keeps holding on to little hope and it’s holding me back. Management have sunk shareholders so far into debt and time that we would be fools to give up now!  this is what kills portfolios. I will be selling in May  2019 if things don’t improve.