Lithium Exploration Group Inc. (fka LEXG)

[lodoguy]

LEXG - All in All... not too disappointed with the March 2015 10-Q filing... As LEXG is now a "one trick pony" waiting on SonCav's Ultrasonic Cavitation Generator Technology to complete testing and find (or not find) marketplace acceptance... the financials just need to get cleaned up... ie debt needs to get eliminated...

Here are my thoughts:

1) 668M Shares outstanding was a tiny bit higher than I expected based on attempting to formulate a model to track... which is not easy... MM's do a better than expected job at hiding new issues... Not too disappointed on current float...
2) $300K from sale of 50% of TERO was less than I had hoped for... Alex certainly must have overpaid for this asset... but cash is cash... we need cash...
3) Old Debt was reduced as of March 31st to just over $300K... but during the quarter another $200K of new debt was added... leaving us at just under $500K of debt reported as of the 10-Q filing...
4) The proceeds raised from the issuance of shares in April and May should have further reduced the $500K of debt shown as of March 31st report... and the proceeds from the sale of TERO $300K will be received post this filing... if Alex directs these funds appropriately LEXG should have no further convertible debt as of end of June 2015...
5) 30 to 45 days to get testing results from water UT device SonCav has at Xylem... and 45 to 60 days to get testing results from the repaired hydrocarbon UT device handled by LEXG... All the chips are in the technology basket from here on out... either believe in the technology... SonCav... LEXG's role with the technology... or believe it is all one big scam... we are getting to the end of this puppy's leash... better prove something soon or even the flippers won't be able to touch this one...

I am still ULTRALONG... and HOLDING... just putting the chips on the table "all in"... let's see how this hand plays out...

GO LEXG!!!