Member Info for SID001

No probs - Agreed from the presentation online looks like all or nothing.

Have any of you actually been on the Leed website and been through the presentation???

Website is back on line - no changes - must have been a blip. TFL - they must have borrowed money off someone to pay the bill - Lol

The fraud only occurred in the last couple of months - therefore nothing major to worry about. Also we haven't taken the company over yet - need to look forward and not behind - it's been dealt with. The website is not a issue. In the building trade suppling to mainly trade, customers will not be placing orders through the website. Look forward to when the site comes back online. Will hopefully have more updated info.

Cultural Limestone website seems to be down - possibly updating. TFL - They don't have the funds to pay the licensing fee as they are still producing wall panels and giving them away for free - Lol

TFL - you just don't get it do you. Which bit of "Gap between production and payment" do you not understand? what happens when they get paid according to the payment terms which are likely to be 30 day plus? You may want to call a friend for help to figure it out? Here's another hint they are not producing the wall panel and giving away for free.

Please explain how you get to "it would appear that they are not in the best financial situation"? what are your reasons? Re-read previous RNS's the fraud only impact last couple of months - it has not been a ongoing issue for several years etc. This just give flexibility to get better deal by identify the issue.

TFL - please can you tell me where in the last 2 paragraphs states that LDP is doomed as you state? Please see paragraphs below: "HM has previously relied on alternative sources of working capital finance to fund the gap between production and payment for the blocks and panels. These sources of financing have now expired and accordingly, Leed has agreed to contribute A$250,000 to a short term working capital facility along with two other Battalion loan noteholders, which will accrue interest at a rate of 12% per annum. The loan will be secured against trade receivables and stock held at the quarrying and processing site of HM." "We will continue to update shareholders on a timely basis and your Board would like to thank you for your continued patience and support." Why would Leed not provide funding to a company they are taking over? would you be more satisfied if LDP had funds in the bank and we paid an external party interest for funding?

Please explain how the company is struggling? is a business expanding called struggling? Please re-read the RNS, the cashflow situation is due timing of payment from customers - we've only just recently stated delivering the products and cash is tied up in stock and awaiting payment. In the real world you supply the goods and then get paid on agreed payment terms.

On a positive the rns stated the fraud had "significantly affected the profitability", this should now be resolved as the idividual has been fired and processes put in place. Hence going forward the improvements should "significantly affect the profitability".

The rns stated "significantly affected the profitability" - hence not neccessary hand in the till job. As it was the person in charge of block making. He likely to have relationship with suppliers and involved in materials used - therefore could be getting back hander from suppliers or stealing raw materials to sell on which would impact profit directly. If it was direct theft it would be writeoff to the P&L in the annual accounts. In terms of cashflow - don't forget the business is expanding eg: you purchase the raw materials, labour, deliver the goods etc. Once delivered the customers have more than likely 30 day plus payment terms. We only started delivering the wall panels late Jan and were stocking up beforehand (which would have cash tied up). Expect another RNS in next few days as half yearly accounts are due by end of March. Hopefully will have more info.

On a positive note - duel diligence is working, bod are transparent, best discovering now than after rto, previous months profits margin impacted negatively - hence positive impact going forward to profit margin and does this position LDP for a better deal?

Half yearly report should be out soon - by end of March.

http://touch.jobomas.com/#/showDetail/50651152 Soz wrong link previously

http://touch.jobomas.com/#/showDetail/5065115

I don't think brick layers will be looking in the Financial Times for job opportunities - lol

See attached link - Cultural Limestone recruiting due to increased market share. http://www.gumtree.com.au/s-ad/landsdale/other-construction-trades/limestone-block-layer-crew-required-for-retaining-walls/1104604869

Bear in mind Battalion 100% would be 76% in Cultural Limestone. Sales and margin improvement - who knows what the impact will finally be.

Yeap finally looking very promising.

Re-read previous rns's and presentations. Cultural limestone base ebitda 5.3m Australian dollars was expected for 2015. Companies in the building trade normally trade at 9-12 times ebitda. Not to mention the operational improvements and wall panel impact.