I see nothing but dilution for LEXG for at least 2-3 more years. By then, anyone who bought in 2014 (or earlier) will have lost more than 99% of their initial investment. This is what happens when you buy a "new" company with little or no revenues. The only way they can raise cash is by selling shares.
When I initially bought this company, I was hoping they would grow their revenues much faster than what I expect now. Too bad for me :(
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.