Why would Alex Walsh as the sole employee of LEXG be able to maximize the value of a distressed oil producer (which would by all logic require a lot of capital investment prior to profitability or it would not be distressed) when LEXG has almost no cash (less than $14,000 as of the last 10-Q with no source of revenue) and he has no experience purchasing or running oil fields? The only M&A we saw were the purchase of oilfield services which were sold for much less than they were purchased for after a relatively short period of failure. This makes no sense.
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