FWL went into suspension last year after the failure of PDY to...

FWL went into suspension last year after the failure of PDY to complete the purchase of YOGI tenements, leaving FWL with debts to its largest shareholder TFA, Noteholders and other creditors.
Prior to suspension it traded around .003-.004 with a market cap of $700k.
Debts of over a million dollars to its largest shareholder TFA, Note Holders and misc creditors.

Now its being re-birthed as a commercial property developer, initially in China.

FWL largest shareholder TFA have invested $5.85 million over time here, they currently own 30% of the stock.
I don't believe they can buy any more in the re-listing, and by my reckoning will have a share worth just $148,000 after a share consolidation of 40-1. This is a 97% los on their investment, and does not include the debts owed to it in supporting FWL over the last two years(incl the cost of the re-birth) which in total will have a value of $1.95 million.

Other large shareholders are past and present directors, SIN-Tang mining, Western Opals Ngalia Resources and the Brujzell family which I believe are linked. Top twenty own 65%, rest is owned by Mum and Dads. EVERYONE IS UNDERWATER.

TFA has put this deal together by giving/transferring FWL carrying debt (1.95 mil) to Yaopeng Int who are converting this debt to new issue 20 cent shares. Yaopeng are also subscribing for a further $2.5 mil worth of shares at 20 cents, and are partially underwriting the public offer.
TFA and Yaopeng are now in bed together and are considered one entity. On relisting as LCG they will own min 55% max 61% of LCG. Pre consolidation sp was .003. A 40-1 consolidation would result in a value of 12 cents. Yaopeng are buying at 20cents! TFA are Property Developers, Yaopeng are a electric machinery company.

FWL had a carrying tax loss of $22 mil on their balance sheet.

When re-listed LCG will purchase a 51% share in a company called Sichuan Fuchuang Property Co (SFP) for $2mil, the purchase includes a debt of $1mill which is unsecured. SFP own a 40 year lease on a large block of dirt in Zigong, Sichuan, where they propose to build a FARMERS MARKET.

So LCG will have no debt, are owed $1mil, have enough funds to start building/investing.

Directors will be Bret Manning(mining and MD, TFA man and of great interest JOHN LESTER PETTIGREW, a director of AJA. (I wonder what has attracted him to take this opportunity?)

Surely this re-birth will not "crash" on re-listing. Why would TFA have gone to all this trouble with only $150k left in the game.

Looking forward to debate here. I have a small parcel. I am promoting this to ensure its successful re-listing, and thereby move my investment from Negative to Positive. Public offering docs are out, take a look.

This info should not be relied on. DYOR