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As long as the share price continues to stay in this range I will continue to buy. Probably pick up another 8M shares or so by end of next week. By end of year I may pick up another 10M over that if prices still stay low. Overall I strongly believe prices will rise above this level so why not buy. I think worst case I just have to be more patient later in 2015.
Happy Thanksgiving to all LEXG longs. Whether you have 10,000 or 10,000,000 shares, it's a great time to be part of this company going into 2015.
First round of drinks is on Lodoguy in Vegas once this pops. Second round is on me.
LEXG - I'm with you Lodoguy. I would like to get another 8M shares near these prices if possible but I'm still cost averaging down. I'm finally at $.01 and hoping to get around $.0075 before we start climbing again.
Thanks Chemist. I didn't see the NT get filed and thought the 90days was up so I was confused.
When are the financial reports supposed to be coming out?
At the earliest it will be august. Last year it was October 2nd which is insane. Probably be 1st week of September.
I'm just waiting for the hammer to fall when someone sells a couple million of their $.021 shares. I'm sure we'll fall back into the low $.04's before climbing back out again. Seems to be the cycle we're in until the shares stop flowing.
Clearly you've never been in an engineering/new product environment.
I'm more optimistic.
I like to think of it more as 637725 shares were bought today. :)
Very good interview and good find. This kind of stuff really makes me believe in this company since they actually have a plan and have been executing it. Gives me confidence that someday soon they will be profitable and on their way to being a premier corporation.
Profitability would be nice but I believe that even if they can break even and stop issuing shares to make payments then we can start to go up. With their acquisition strategy and what appears to be great technology, this will only go up.
I forgot who said it earlier but later this year, some people are going to be very upset with themselves that they didn't buy in at these prices. Honestly it doesn't matter if you get in at $.05 or $.06 or even $.07 when you're talking $.30-$.50 range by Q3 and Q4.
Looks like just 50% at the moment with an option to purchase an additional 25% in 10 months.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=66189589&topic=LEXG&symbology=null&cp=null&webmasterId=101286
Per this math and the latest Tero revenue report and Nkore's math it looks like they made about $1.6M. Not a bad start.
115000 barrels = 13,690m3 x $100 = $1,369,047 + solid waste ($100K) + 1680 barrels ($150K). Not sure how accurate all of this is but it's a great start either way. It's going to be an awesome 10K.
66% margin related to processing isn't too bad. I'd assuming another 30-40% in overhead related to the sites but overall good numbers.
I wonder what their OI will be for these facilities. I can't imagine huge operating expenses but maybe a 25% OI margin? I'd take $1.75M in OI as a starting point. Would certainly stem the issuing of shares for debt.
Absolutely. The waste disposal facilities should help with that and as said in their recent shareholder letter, they will be showcases for the Ultrasonic generator. Very smart approach indeed.
I think after years of stock dilution this is finally ready to be self sustaining. The IP value alone on the generator could be worth millions once it's finally been put to use. GLTA
Exactly. Learned my lesson.
Monthly Operating report came out for January. Sales were up about 20% as I predicted before but I was very wrong on how profitable they would be. Shareholder equity is now negative. Exide is screwed (at least for a while). I'm out. GLTA
I think it's unlikely a merger or buyout will occur. No particular evidence against it other than I've heard that theory for distressed stocks for years and it almost never happens.
Looking forward to tomorrow or Friday when the MOR comes out. Either way we won't be staying at this price level I think.
I'm with you 10bambam. Yank's logic is reasonable and I agree with him on this lead fixing deal. Exide operates based on the LME and as Yank said, everything is contractual so it's going to be very hard to prove that the global price of lead was manipulated. Furthermore, even if Exide can prove this, it's going to be tied up in the courts for the next few years and will have no bearing on the bankruptcy. Anyone who is hoping that there will be a settlement to boost equity, keep dreaming...it's not going to happen.
Yank is correct, Stockanalyze. Your DD is terrible. Half of your posts have incorrect info on them and the other half seem to be wishful thinking. You need to start doing a better job researching what you're posting before you do so.
Better to not say anything and have people think you're an idiot rather than say the wrong thing and have them know you are.
However I also think Yank is playing an angle to get some cheap shares. Even his latest post shows a flattening trend like I've mentioned that shows losses have finally stopped and I expect the MOR coming out end of next week to show a small growth in equity that will only get bigger.
Yeah I agree with Jimbo. This is just a rehash of the 3 previous MOR's so there isn't any new news. Also, Yank, your assertions about the shareholder equity being reduced to only $14M, while technically correct, is just a snapshot in time and doesn't take into account future equity growth.
If you look at the trends in the MOR, they are clearly on a strong upward trend and I think in the January MOR coming out in 2 weeks we'll see a positive growth. So, if the POR was based on today's equity then we would all be disappointed but given that this is going to drag out for a long while, I have hope that we will climb back up to $30-$50 equity. I could live with those numbers just to not have shares cancelled.
It would scare people who haven't been looking at the MOR trends. The 10Q comprises last year before it got cold so the weather is irrelevant
10Q out tomorrow. It's not going to be pretty based on the past MOR's but not sure if it's going to scare anyone or not.
I prefer to watch and listen more than speak but I'll contribute when I have value add comments. I believe in this stock and the company and continue to grow my position. The whole market is way down today also which hurts any gains but day to day in this stock is irrelevant. Give it a few months.
Operating Income was actually positive vs negative since August. I see that as I huge positive even considering the massive increase in advisor fees and lower net sales. It shows me that they are leaning up and getting profit % higher.
However biggest indicator for me is overall net loss is 1/3 from last month and 1/5 from August which is also amazing. Overall trend is going to positive which I see happening around February. That is where the share price starts to climb as they show a healthier business.
Indications from my contacts at Exide point to roughly 15% higher sales in January than December. Who know what expenses or profit margin that will be at but at least net sales will be up.
I'm still expecting a 50% dilution like Yank said but that may be optimistic. They won't be exiting for at least another 14 months so that gives them plenty of time to pay down debts and get their affairs in order to preserve shareholder value.
GLTA
Good point Yank. I meant Q4 calendar not fiscal but details are important.
$8 a year from now isn't going to happen. Mostly because Exide won't get out of BK until at least April 2015. Rumour inside the company is that they want to get a full year of BK under their belt before exiting and their fiscal year ends on March 31.
I do think this is a good thing though because it means they want to get completely healthy before exiting, thereby not having to sacrafice commons for the sake of an early exit. I have a $4 target on June 5, 2015 since that is when 10-K comes out.
Q4 results won't be released until Feb 7 based on past history so we have a little to wait. I have no doubt that with one time expenses gone that we'll see some profit start to show up.