re: Ann: LIO Solar Project and Recompliance w... This is getting...

re: Ann: LIO Solar Project and Recompliance w... This is getting a bit too much for me.

pay the money that is in China to buy 38% of the FNE.

"Through a conditional share purchase agreement dated 16 November 2010 ("Share Purchase Agreement"), Lion Nanning proposes to acquire 38,000,000 fully paid shares in FNE ("FNE Shares") from Shanghai Lion for CNY38,000,000 (approximately AUD$6 million based on an exchange rate of
A$1 = CNY 6.2265). Upon completion of the acquisition, Lion Nanning will have an interest of approximately 38% in FNE."

There appears to be some connection betweem FNE and LIO re directors
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Consolidate shares to get a min of 20cents per share. Swear word been through that before with this LIO. Share should be$1 dollar now (min)

"It is likely that the Company will be required to undertake a consolidation of its existing shares and options in order to meet ASX's minimum 20 cent price requirement for re-listing. The ratio of the consolidation has not yet been decided by the Board and will be announced by the Company once determined."
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Relist LIO
due to change in direction

Share holder agreement needed!!!!!
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So what is the RIO
What is the payment per Mwatt

What is a feasability study p7 (cost US$650,000):
feasability study Scoping
PFS or BFS or DFS
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This appears to be a bit ????.

Like this for instance ((Jian WU and Russel Brimage) LIO connection) so when did they know about this:

"The chairman of FNE is Xuancheng Shou and vice chairman Jian Wu (Jian Wu is also the Chief Executive Officer). Other directors are Russell Brimage, Yuda Chen and Kaijun Hao."

"In December 2009, the Qinghai Geermu Government approved the construction of the Power Complex over a total of 50 square kilometres of land. "
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Future Timetable:

Event
Date
ASX announcement of change in activities
16 November 2010

Despatch notice of meeting to seek shareholder approval
for Solar Project
17 January 2011

Shareholder meeting to approve Solar Project and change
in activities
15 February 2011

Suspension of LIO's securities from trading on ASX at
the opening of trade
15 February 2011

Lodgement of compliance prospectus with ASIC
15 April 2011

Anticipated date the suspension of trading is lifted
and LIO is re-listed on ASX
30 June 2011
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I would really like to read others thoughts please.

One good thing is this shell may finally enter a new market that makes SP increase and I can get back some long term losses.

I must admit this was the first stock that I ever bought. So a little biased in both directions.