Lithium Exploration Group Inc. (fka LEXG)

[Inorout]

The amazing thing about LEXG is that since Alex Walsh started LEXG back in 2006, LEXG has never generated a single penny in sales...$0 in sales since inception.....zippo. Yet despite $0 in business since it's inception in 2006, the company has paid its "Directors" nearly $18,000,000 in compensation (see page 6 of LEXG's 10-Q/A linked below.)

The question I have is, why would anybody invest their hard earned money into LEXG when over the last 7 years the company hasn't generated a single penny in revenue, and yet Alex Walsh has rewarded himself and "Directors" nearly $18,000,000 in compensation? Just funny that Alex Walsh started the company in 2006 but still describes LEXG as a Developing company. LOL... A developing company that's never generated a penny in sales but still manages to reward themselves to nearly $18,000,000 of investors funds. Folks, see page 6 below. Someone is getting rich but it ain't LEXG's shareholders. Yes folks, Alex Walsh subscribes to the theory that a new sucker is born every minute.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9830437