Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

Too bad that even if this is useful to someone (which is weird that they would dilute their stock with death spiral converts that lead to massive future stock issuance at at least a 50% discount to buy an old small oil asset if this is worth anything) they don't own the technology so they won't benefit if every major buys it.

The right to sell Glottech units (and pay Glottech a royalty) would be exclusive for NON-PETROLEUM MINING IN CANADA ONLY but Glottech can make even that use non-excludive by paying LEXG a royalty. So what you are owning when you own LEXG is a right to distribute Glottech units in Canada for non-petroleum mining. This right expires 10/1/2017 if they do not sell 25 units by then otherwise it renews every 5 years. This is from the sales and licensing agreements in the 8-K posted 10/10/12 as referenced in the latest 10-Q.