Lexaria Bioscience Corp (LEXX)

[presley1000]

I think a nice squeeze is shaping up (hopefully) for a few reasons.

Bunka and Docherty let 330k warrants expire. You can speculate on why, but I'm going with "fuck the shorts, we have enough cash in the till and are not going to crash our own holdings and price further just to snag a few more shares." Kudos to them.

May 23/17 May 23/17 Bunka, Christopher Indirect Ownership Warrants 55 - Expiration of warrants -187,000 $0.230
May 18/17 May 15/17 Docherty, John Martin Indirect Ownership Warrants 55 - Expiration of warrants -143,000

The only guy the shorters have left to rely on is Adam Mogil and he's probably on the Canadian side (explaing why the short shifted there once the May 15th warrants period elapsed) and not an institution that would play on a minute-to-minute basis. Adam had up to 500k warrants at .31US, chances are he wasn't already a shareholder and the current price and volume is not worth the conversion headache, seeing as the bid is basically at the exercise price.

Maybe Adam converts and doesn't care about selling into the market. Maybe more warrants expire.

Gotta wait a few more days to see.