Ann: October Operational Update, page-90

I sent this, for better or worse

To Ben Chester

I have held shares in LPE for about 2 years now, and helped, like many other long term holders, grow your company from its modest beginnings to the significant business it is now. However, it can be perceived that the single page AGM report you just released detailing no more than your latest allocation of shares and remuneration is a slap in the face of long suffering holders. It is a gross insult to retail stockholders as it seems to indicate a calculated indifference in reflecting an accurate picture of the current and potential value of LPE. Very strangely, it contains not a single shred of narrative reflecting LPE's journey to date and its progress, as well as its future prospects. The report instead appears to obscure the company's storied progress to date. Very notably there is no mention of your incursion into NSW, let alone the many milestones achieved to date. I have never come across an AGM report so notable for its brevity and lack of effort, or pride in the company's achievements. Disturbingly it is in keeping with the standard of reporting for the last year or so. I would like to know what the motivation was for releasing the AGM report in that form. Would you care to elaborate?