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The LEXG PR is hilarious. Alex Walsh

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Inorout   Wednesday, 05/22/13 12:36:05 PM
Re: ofspring post# 4590
Post # of 16130 
The LEXG PR is hilarious. Alex Walsh is in Alberta looking for acquisitions? His plan is to buy revenue producing assets? 2 Questions........how does Alex propose paying for these assets?? And, what company will sell a quality revenue producing asset if they can't get maximum value for the asset? It's rather obvious to anyone who has examined LEXG's financials that LEXG doesn't have the capital to make any meaningful acquisition and LEXG's current assets are dead enders producing larger losses and continued $0 in revenues. Alex Walsh's "acquisitions strategy" is fundamentally flawed. He should have been making acquisitions a couple years ago while he the market cap cheap currency. That window of opportunity is long closed.

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