Alex has done nothing but trash LEXG stock price for the past 4+ years.
Ever since April 2011 when LEXG reached a price of more than $2000 per share (20:1 split-adjusted price), LEXG stock price has fallen steadily (with the exception of a few price "blips" here and there) to its current level.
Some here still cling to the hope that they will get rich (or at least recover some of their investment) when the UT device gets tested successfully and is monetized. This charade has been going on for more than 4 years now. The entire history of this company can be traced from their SEC filings beginning in 2011. It is too long and twisted for me to relate here.
Everyone who plans to do a "long-term" investment here really needs to do their own DD. If you just read the 10-K's starting from 2011, that would be sufficient to get a basic understanding of what has happened with this company. As for me, while I can't yet prove that LEXG is a scam, they have sure made some costly mistakes along the way to where they are now. And now Alex has given himself the authority to issue another 10 billion shares and then do a 200:1 reverse split. If that doesn't raise alarm bells for everyone here, then I guess nothing will.
Best of luck to all those who remain.
