Ann: Quarterly Activities Report, page-184

Incorrect @kcof ,

The 28 June 2018 announcement states:

"The capital raising includes the issue of up to 333 million ordinary shares with an issue price of 0.3 cents per share to raise up to $1 million. The issue price represents a 7% premium to Laneway’s 10 day VWAP (0.28 cents per share). In addition, the Company will also raise up to $2 million by the issue of 400 million secured Convertible Notes."

"....at an issue price of 0.3 cents per share (a 7% premium to the 10 day volume weighted average price (VWAP) of Laneway shares on ASX)..."

Note: Chi-X data not included in the 10 day VWAP calculation.

10 day VWAP means the volume weighted average traded price per share for the period of ten consecutive trading days immediately prior to an applicable milestone date.

Presumably the applicable milestone date was the day of the announcement - 28 June 2018.

So the 10 days of data that the VWAP is based on would be 14 - 27 June 2018 inclusive. You will need to ask Paul Marshall or one of the directors to clarify the applicable period used to calculate the 10 day VWAP. In fact ask him for the LNY spreadsheet and data used for the calculation.

Please study the following historical data for that period:

https://au.finance.yahoo.com/quote/LNY.AX/history/

- 4 days of no trades - contrary to your previous post, it makes a difference to the 10 day calculation.
- 5 days of 0.002 trading (with 3 of those days on very small volume) - contrary to your previous, it makes a difference to the 10 day calculation.
- 1 single day of 0.003 trading

Very suspicious trading on the 10 days prior to the announcement...and the calculation of a 10 day VWAP accordingly.

A group of 0.002's pop out of know where.

Notwithstanding, the timing of a capital raise just prior to ILUA and subsequent ML....whilst we have been sitting on our stock for years, being told either nothing, or its just around the corner.

Why raise money now....why not a year or two ago....or in six months time....why now?