Jacob, there are enough Strata GWH for several comps out there,...

Jacob,

there are enough Strata GWH for several comps out there, no problem at all should others emerge. More important is that competition means that LPE's business model is profitable - something the market so far has totally ignored, especially the contracted recurring billing business. Almost forgotten, LPE still supplies power for the roll out of the EV-recharging stations along the Bruce Highway in QLD ( Maryborough and Gin Gin have been recently installed ).

So why is the market ignoring LPE ? For the same reason market ignores CIO, BCT, VMX and others that are close to become profitable - speccie market just doesn't know it and is not interested in slow moving comps.

Looks like some funds still enjoy absorbing the thrown away shares.

Now topic CR: It seems there is no need for a CR unless LPE listens to the text books which suggest that fast growing comps should have about 15 - 20 % of mc in cash reserves ( cash, bank facilities.... ) to withstand unexpected headwinds. Don't see need here as revenue is contracted and recurring. But the next 4C may make that clearer.

GLTA