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He plopped his 86K shares at 80 cents.
75 at moment. We'll see if it disappears. According to CSE site, it's one seller from Scotia Capital with 86,000 shares to dump.
side thought... there are about 2M warrants from the last PP in 15-20% money right now. Any chance they are being churned at this level? That will add a good chunk of change into the till.
side thought... there are about 2M warrants from the last PP in 20% money right now. Any chance they are being churned at this level? That will add a good chunk of change into the till.
Canadian side short numbers are out. October 31st short count was 647K (uppped by 366K).
Hope they were roasting the last 3 days.
closing in on a million shares traded between the two exchanges.
volume support is always the prob. now at .67. bid/ask is 67/74.
at .79 on CAN side. Bid/ask is 76/79
Now I'm starting to think they want to torture that US shorter. lol
First they removed the warrant overhang by extending the 500K for another year. And now don't let him trade to start.
closed at .55.Updated to .75 at moment.
The government announcement was unrelated...
https://www.canada.ca/en/health-canada/news/2017/10/government_of_canadatoinvestincannabiseducationandawareness.html
LXX HALTED!!
http://iiroc.mediaroom.com/index.php?s=2429&item=150750
Government of Canada with a funding announcement at 3PM.
Anyone taking odds?
I'm not responsible! It was created by some others and they asked me to be one of the mods. I was just happy to see more Lexaria fans and followers.
Not giving up on this place. Much better than Stockhouse (my IP has been super-banned there, so I can't post - Chris Parry probably wasn't a fan of mine).
Am I missing any other hangouts?
just responded to someone's post about it over at FB.
Is it possible that the short wasn't a PP holder and really some schmuck that has been sitting on a massive short for 7 months hoping LXRP busts downward? If that's the case, I have never wanted BLOCKBUSTER NEWS and a short squeeze more.
It is quiet. Still over a week until the webcast.
I looked back at releases since the PP close on April 3rd. They usually gave out some news with some warrant exercise info on a monthly basis...
Apr 27
May 12
Jun 7
Jul 18
Aug 17
Sep 22
No update so far in October. Clock is ticking.
As for year end (August 31st), those financials are not due until the end of November. Not sure if there is anything to look forward to in them.
Lexaria presentation at the recent CSE conference...
Chris Bunka presentation
Phil Aislie (University of BC) presentation
Chris can't fit in everything he wants to say. Guy is going to explode if he doesn't get all the news out of his system soon. Here's hoping for the latter! :)
Lexaria sent out the following email blast update a couple days ago. It's posted over at Facebook, if you're not yet in the group...
https://www.facebook.com/groups/1664919466872085/permalink/1668702153160483/
Canadian side short number as of October 15th is showing at 281K, up from 37K. Whoever it was took advantage of low support and dropped it from 59 cents on October 3rd down.
A good 20-25% move if he covered this week.
Lexaria Investor Update on November 1st...
https://www.lexariaenergy.com/event/lexaria-investor-update-web-meeting/e
New Facebook group for Lexaria investors has gone live...
https://www.facebook.com/groups/1664919466872085/
Great volume on the CAN side today. 332K shares absorbed and price finished up on day.
Big dumps on the Canadian side continue. It's coming from Eight Capital and Anonymous.
Jamieson Bondarenko was in on the PP earlier this year for 500K shares. Would he be taking a loss for a reason? I know all that shit with CBW and Eight Capital happened after the fact.
Shakeout? forced sell? No idea at moment.
would love to. i took a small nibble this morning. was discussing with some other guys about testing "Mr. 52", but he's really piling on... so just watching for the moment.
**update... someone just took a 1K nibble. Didn't do much. lol
**update II... the calvalry has been brought in.
Mr. 52 wants to play big man.
Looks like their "collaborator" for the UBC study is Mitacs.
https://en.wikipedia.org/wiki/Mitacs_Canada#Funding
"Mitacs is jointly funded by the Government of Canada, along with provincial governments, academic partners and research partners"
Not sure if the National Research Council and Mitacs are completely separate or related. Either works for me.
news clip from the conference that Lexaria presented at earlier today...
https://globalnews.ca/news/3771322/investing-in-marijuana-business-ahead-of-legalization-full-of-risks-and-potential-rewards/
No Bunka/Lexaria in the clip, but puts you there for a few seconds.
Hope I'm wrong and and that it's just some shorter asses waiting to be burned.
I looked at the trading back from March 1st into April. There were 2 pops to 52-ish US with enough volume which is about a 20% spread. If your plan is to not lose a penny on the deal, a few percentage point profit works. The rest of us pray for 1000%. :D
form 9 is dated March 30, 2017.
http://thecse.com/sites/default/files/2017_03_30_Form_9_-_Amended_Notice_of_Completed_Private_Placement.pdf
I'll go with Monday to be safe.
There was already 477k shorted as per FINRA on March 15th.
Why assume they wouldn't short into the PP?
you're forgetting the private placement on March 30, 2017. Those shares are released on Monday.
The run-up happened around January/February. Someone that participated in the PP, shorted 800K-ish shares (which they do not have on hand to pay back until Monday - so that FINRA number just waits, regardless of the current price). Going forward, they will only hold the 60 cent US warrants as of Monday. They de-risked to zero on their shares and already made their profit. Warrants are gravy.
there was actually a news release after close...
https://investingnews.com/daily/resource-investing/agriculture-investing/cannabis-investing/lexaria-announces-upcoming-public-events-warrant-exercise/
The last warrant update in a news release was August 16th. So 625k warrants converted over the last month, all at .15
So that confirms that all the 15s were exercised. The previous news release last month accounted for 636,025 combined warrants exercsed at .14 and .2273... still leaves a lot out there.
Need volume and news for it not to matter.
not directly, but it's the first 'global' use I ever thought of when I first heard about the tech. I'll trust that they have had the thought at least in passing. :)
And that sort of press release would shoot them to the top of the MJ trader world!
nice volume on CAN side last couple days. above monthly average in first 40 minutes of trading.
deciphering patent revisions...
I noticed that there have been some language revisions submitted in regards to the original international patent:
http://docdro.id/6WC5Djh
It's way too late for me to try and figure out if it's adding new science or uses... or whether the lawyers are just tightening up the language.
If anyone notices anything of value, input is appreciated. Otherwise, ignore and carry on. :)