LEXG has ~$3M in convertible promissory notes and loans due over the next 6 months (see latest 10-Q). If these debts are all paid with shares, LEXG would have to issue about another 8 BILLION shares over the next 6-7 months (that's using a conversion price of $.000375, which is a 75% reduction from $.0005, the current bid price). That's roughly 1 BILLION shares per month. And that doesn't include any other operating expenses!
Because of these facts, I'm now predicting a reverse split for LEXG sometime within the next 6 months. If not, then they will have to increase their authorized shares to 15 or 20 Billion from the current authorized share limit of 10 Billion. - jmo
