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Might not be able to if he already has results. He would have to wait for the information to be public then start buying again.
lab test results are supposed to be out soon.
a lot of the private placements were done by insiders and usually when people get paid in stock they sell right away. bottom line is trading 100k shares a day = $18K that is nothing. 39 MILLION shares outstanding CEO owns 10 MILLION other insiders own ? the float is very small
im confused do you mean investors who bought in for mmpr and now are dumping? or shares issued to businesses related to getting mmpr license
who is that. 500k shares were returned to lexaria and cancelled
amazing how every time it gets going all of a sudden a order shows up to sell well below last price.
I think thats why he hired IR firm. Tough to flip this stock with such a large spread and barely any volume
any significant volume and this is north of .25
58,700 more shares purchased by Chris Bunka on August 6th and August 7th.
LXRP MASSIVE INSIDER BUYING VERY TINY FLOAT.
its going to be hilarious when this breaks 30 cents and everyone on the sidelines start chasing
SHORT IT THEN "CODFATHER"
CEO purchased 53,000 over last 3 days. Still baffled by lack of interest
if there were a few people looking for 100,000 shares each this would start flying
There are many cannabis stocks that jump 50%+ and they have no sales and no future. I'm not in this to make 50% or 100%. I see this headed to $5+ Look at the market caps of other cannabis stocks. Lexaria at $5 would be about $200 million.
Once this breaks out there's going to be a ton of posts here complaining why didn't I buy up those shares in the teens.
positive news and volume is just pathetic
he would have a hard time trying to flip it for 2 reasons. Volume is so low and if he sold he can't buy for 6 months. If people saw one sale from him I think everyone would start dumping and the price would collapse. I really believe he is looking for $5+ on this. Maybe he sells the company for more than that one day.
CEO BOUGHT 212,650 shares just last week. Buying these cheap shares are a gift. I'm holding this for the long term. CEO would only be doing this if he was expecting this to go to a few dollars a share.
yea one would think people would be buying before that news
be nice if volume got closer to 1 million not 100k
On march 26 it was disclosed about the 500k shares. It was given to him yesterday hence the 8K.
It's your $ to sell or buy more but that was old news and I wouldn't be basing my decision on that.
People like to throw out the word dilution whenever shares are issued. Remember there is good dilution and bad dilution. If your improving your business and getting to next level I'm fine with that if your converting toxic debt or insiders are giving themselves free shares I would be very far away from that company.
Lexaria has 0 DEBT. $800K cash and a very low # of shares fully diluted 50 million shares and CEO owns 10 million. If the stock isn't above 25 cents by October I believe a lot of warrants are going to expire worthless and would reduce fully diluted share count.
Also they got back 500k shares of stock and cancelled them from the sale of their piece of MMPR JV with ENRT.
This trades such low volume just think if a few people wanted to buy 500k shares or 1 million shares. The float is so small this could triple very easily.
AMAZING HOW LOW THE VOLUME IS AT THESE CHEAP LEVELS
thats me
He owns over 10 Million shares. You have to add shares in his name + his corporation.
If you look at filing SC 13D/A it details all ownership by Bunka
CBD is legal in all 50 states
LXRP Products are legal in all 50 states.
Thats fine but the stock is so undervalued I would think people would be clamoring to buy up these shares under .20. When the bigger news hits I expect it to be well over 50 cents by then.
Just sad that even when they have great news volume remains low
He owns shares in his name and also CAB financial. If you look at the SC 13D/A it breaks it all down.
I believe like with most Canadian companies he doesn't pay himself a salary from lexaria he is paid via CAB Financial and the consulting contract. It's all for tax purposes.
The recent form 4's are in his personal name and would have to be his personal funds.
Don't understand what your trying to say. Please explain.
Wait till this starts trading a million shares a day. Seems like many on this board are heavily undervaluing the huge potential here.
he isn't in it to flip it for 5 cents. He sees the big picture that some just don't see.
Remember if a insider sells he cant make a purchase for 6th months.
maybe you should email/call him and find out for yourself. You have to wonder when a ceo already controls such a large position why would he keep adding unless he feels its drastically undervalued.
Funny thing is if you take away what Chris buys everyday people on this board insisting they keep buying isn't really true unless we are talking about buying 100 shares. Just think if these supporters were each buying 50000 shares everyday. Float would be tiny.
Lexaria actually got back 500k shares from selling MMPR stake and retired them
Because of the sale of this joint venture project prior to the receipt of a MMPR license, 500,000 previously issued escrowed and restricted common shares of Lexaria will be returned to Lexaria's treasury and cancelled, as per the joint venture agreement. This will reduce our shares outstanding by 500,000.
seems to me that someone needed to sell and just kept hitting the bid.
which is a huge positive for them
SO MUCH FOR SO MANY ON HERE EAGER TO BUY IN THE TEENS. OFFERED AT .174 AND NOBODY JUMPING AT IT. SAD ONLY 56K SHARES IN USA
I think we should see it much higher than .40. $1 by year end. Such a low float.
They own 51% of the MMPR facility not the cbd products.