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LXXI changed to LXXIQ, bankruptcy:
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/10/2014&mkt_ctg=NON-OTCBB
LXXI one for 20 reverse split.
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/02/2012&mkt_ctg=NON-OTCBB
Yes it appears as though they may have one of their assets sold and are moving forward with cleaning up the compnay.
any updates on LXXI?
LXXI .039 +95% on 29k volume
Like I said I think these new guys have something going and it's going nowhere but up
where did you hear that?
I understand there are is some good announcements coming out soon. Anybody know anything about that?
I think this company is finally in the hands of some honest people that as I understand it can do something with it.
LXXI .04 x .045/first post in over 6 years/WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
bigjoeman,, I was told by the CEO last week that Lex Dalton is hiding and ,,, the Judgement of 75.8 million dollars to Lexico still stands,,, maybe that is why they can not find him...
hey derickman, was wondering what the outlook for Lexico Resources was leaning towards? Have a rather large interest in their stock outlook. Understand that the court and legal problems are over with, and they have some possible suitors for the acerage in Utah. Would u possibly have any knowledge concerning this. Thanks joe
75.8 million dollar judgement has been made to LXXI,, this was done in Denver District Court,,,, MHO, The crooks appealed but I do not think the appealate court bit on it,, they kicked it back to the lower courts rulling,,,,,, The problem is at present,, little monies to hire investigators to look for the money,, MHO, hidden in Offshore accounts probablly,,,,,,
MHO,, This case was about the COB of Lexico,, Lex Dalton,, dumping approximately 10 million shares on the market about 4 years ago..... I believe The judge made his decision on the total based on Corporate Stock Transfer records.... Call Denver District Court ,, ask for Lexico Resources VS lex Dalton ,, the case is logged into the court system..... LXXI has about 45 million shares oustanding ,,,, to the best of my figures LXXI has about 1 million bucks in debt... They also have about 5k acres of drilling rights,, below 9k ft,, in the Uintah Basin,,, the above 9k ft properties are presently being produced..
this comming month,, November 2003,, another case involving 5 million shares that were transfered to an offshore holding company will be settled,, ,,,, This also took place about 4 years ago,,,,
MHO,, looks like some sort of shorting scheme was also taking place.... some elements involved with this company would like to see the company go bankrupt and dissappear... I wonder why??
OK,, the BOD got in another argument and the price went down to ten cents,,, but hey,, still we are doing good in the past six months,,, from five cents to ten cents,, any way,, looks like we may be waiting a while,, the Auditors have not agreed to do the Audit,, and still lots of strif with factions in the company...
OK,, last report it was five cents, today it closed at thirty two cents,, as high as thirty eight,, with over one hundred K shares traded... This was the result of an agreement between the two factioning sides,,, A shareholders meeting is on the horizon and the stock price should climb with agreements in place.. Looks like a double in price within six months.
Good Luck,, Derickman
Good News, the Company looks like a settlement is in the works, but don't hold your breath, yet. At this price, five and a half cents, Load the Wagon,,,
The management are still in Court (Denver Court) still no resolution. Court Date set for Sept 11. This year,,, The founder of the Company, Lex Dalton, is the person that most of the Prosecution is pointed at for siphoning money from the company into His privately owned Company (Lexico Energy)... Also for selling more that 9million restricted shares,,, The Judge looks He may be on the take and the SEC looks like they may have filed this one as a low priority. The price of the Stock, LXXI, is down to .08 and if things can ever be sorted out and someone developes the Unitah Basin Properties which is an Asset of the Company. Even if the Company would further dilute the shares and issue another 50mm shares for financing the stock would still be worth 1.50 once the lands are exploted.. This is a long term hold.. at least a year...... I am buying as much as I can get at this price....
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