Lithium Exploration Group Inc. (fka LEXG)

[JandKsMoney]

If you look at the post from Chemist72 (#10797 on 12/10 - I think it's in the sticky notes), he lists the outstanding shares at various times throughout the last year. You can see it grow from 120M to 970M. While much of this was used to pay down the debt, there still is about 700K as of 11/11. If you add in the $500K for the additional 25% for Tero on 12/31/14 and operating expenses for the year, these total well over $1.2M needing to be generated. If the UT is only a couple months away from generating cash flow, I would hope Alex would wait for that to pay down the debt, but history shows he likes the dilution method to raise funds. Maybe the interest on the debt is too big of a burden to let it wait. I guess we'll find out in mid February when the next 10Q comes out.