Lithium Exploration Group Inc. (fka LEXG)

[chemist72]

No doubt traders have had a negative effect on LEXG share price. But I think your analysis is over-simplified. Average stock price for LEXG back in Jan.-Feb. 2014 was around $.04; current stock price is around $.001 (pre-split value). That give a drop of about 1:40 in stock price. However, during that same time the number of shares have increased by about 14 times (if I believe the 1.5B shares number in the last 10-Q). $.04/14 is about $.003 which is not too far off from where LEXG is currently trading.

All in all I think it is fair to say that both traders and dilution have contributed significantly to the share price drop LEXG has seen over the past 13-14 months.