LPE 0.00% 16.0¢ locality planning energy holdings limited

A word of warning froggy. This same share advisory co that...

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  1. 1,801 Posts.
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    A word of warning froggy. This same share advisory co that advised me to but LPE said STL was the best buy on the ASX not long ago. It started tanking badly, as CEO was selling holdings, and financing bid for acquisitions failed and a massive CR ensued. The Share advisory Coy staged an interview with the CEO, and advised its members to hold even when more bad news followed. Its in admin now. An expensive mistake borne out of putting faith in advice I paid for, and also wanting to recoup my losses. SHs were utterly mislead by the CEO, and spruikers abounded on the forum disparaging anybody critical of the Co and its CEO. Their advice was to speak to the CEO and he would allay any doubts. Magically some of these same spruikers, some 'Sophisticated Investors', sold off just before the crisis that led to the admin. The CEO has now resigned. Hopefully he gets prosecuted, but am not hopeful. If you are invested heavily and have any misgivings, its better to take some of the table and suffer a bit of a loss than losing all of it. I am saying that the lack of communication from this lot gives cause for serious misgiving and has some of their actions. Apart from the absurd self serving rewarding of their so called 'performance' to date (a bare few months after listing!), last year they even tried to revive a bunch of options that had lapsed but were prevented from doing so by the ASX.
 
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