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I stand corrected. But I think they own twelve and half percent of the nicotine division?
Imho I think we will see revenues from BAT before Altri a
I believe the Altria deal is a three year phased deal with phase one lasting well over a year. Oct 8 May start phase two with a response time (of ninety days if the response time is the same as phase one) then we go to phase three and if all goes well a product on the market after that.
Yep. Altri a revenues are years away if it happens and pharmacy too. Two years ago I thought I would be a wealthy Lexy stock holder today....no beach house for me in next year or two or three etc
I wonder if Bunk a has to sell if altria makes an offer down the road?? I would hope not imho
Pouches??? Why not mints, candy or chocolates that you do NOT have to spit out or do you swallow the pouch? Anyone ty
I believe Altria has an option to buy the nicotine division outright -- have no idea how BAT and others can play in this game with LEXY? Insight anyone ty in advance
Imho pharmacy deal or Altri a stepping up for next investment of eleven million are the only salvation of Lex y and my shares gl t us all
Thank you gltu
Welcome and gltu
I want to see bids from Altria execs!
Thanks to Abundance eom
BILLYMAYSHEAR -AGREE 110% - Great for Lexy no matter what Altria decides. Put a flame under Altria's ass as well.
I really hope Bunk a can get another company on board with nicotine internationally
Cbd s raising $2.5 mil fifty cents a share and one dollar warrants ..got a letter today offering the deal to stockholders
Abundance/Shawking- thanks..eom
The say that Altria has international rights and I believe rights to USA. But they say they are talking to other tobacco companies?? I assume Altria deal is dead?
Bunk a bought 200000 shares at .23 with the last round and bunka/mgt will award themselves many free shares and no risk options as they have in the past. I falsely thought this investment was a slam dunk but time is showing it to be a Hail Mary for investors that have been around. Imho shares to mgt plentiful...results paltry.
not good news. This just shows Altria's commitment to pouches and a good reason for them to tie us up for a million bucks and screw any potential for pouch competition imho
Damacon A 30 to one RS at today's pps of 30 cents would mean that the pps would be at $9.00 and the market cap does not change. Revenues, profit and deals will drive the pps up or down from that point moving forward. E.g. I own 30 shares at .30 after a RS of 30 to one I own one share worth $9.00. Gltu
Received Email today from C Bunka about RS: Thanks for taking the time to write your note to us. Message received. However, we are going to be putting it to a vote and of course the shareholders will have the final say.
Our executive team has met with several dozen investment banking groups over the past year, primarily in New York, Boston, and Toronto. Roughly 90% of them cannot buy our stock in the market, nor provide us capital.
The reason? Because we are not listed on a US stock exchange. Most of their internal policies forbid investing in non stock exchange-listed companies. And that's a shame, because several of them have given strong indications of interest.
As well, if you've been a suffering shareholder for a long time, as I have, you know that we have from time to time issued dramatic good news, only to have the market yawn. Again, we've learned this is primarily because we are not on a stock exchange, most brokerage firms do not allow their clients to buy our stock.
We have to fix this: we have to give as many investors in America the chance to own our stock, and we are going to do so. We already have investment bank support lined up.
Finally, Lexaria needs more capital than its admittedly passionate retail investors have been able to provide, in order to achieve the sort of things we all want to see.
You are right that 90% of stock reverse splits are a failure. Those that succeed almost always do so in conjunction with an uplist or some other defining new event. This is what we plan to give to our shareholders.
Again, thanks for reaching out and I wish you every success.
Chris
I sent Bunka a note saying a RS is the wrong thing to do and gave some reasons why. Just my two cents.
FWIW Pots you are right about a RS and I hope that Bunka knows it too
Bunka got a gift of 700000 stock options at .35. Imho in no way does he deserve this dilutive gift to add to his 13 million plus shares. Cbd brings in how much revenue?? Altria in limbo and promises of working with big pharma. You don t reward promises .....you reward results. He has yet to earn his $300000 plus salary and two percent of the sale of division. He has not earned a bigger piece of the pie as of today.
My concern is that a competitor will avoid Lexi if Altria owns a piece e.g. BAT or PMI
The dime bought one sixth of the division
Altria spent $1million for one sixth of the the nicotine division, research, stopping any competitor from using lexy and tying up lexy in knots. CB and Lex y need to admit defeat and move on to something productive IMHO Altri a is an unethical tobacco pos that owns one sixth of the nicotine division for pennies on the dollar. They can benefit by walking away and collecting from their investment. CB got taken
Altria bought one sixth of the nicotine division for a million dollars. They took a potential threat to their business and put it on hold for more than a year. Tobacco companies have never been known for their ethical behavior. They eliminated a threat to juul at the time for what they spend on paper clips. Would explain the the pps decline since the deal was made. Bunka ...Lexy...investors have been screwed. Bunka needs to get off his naive butt and move Lexy forward instead of spending his time collecting 700000 stock options at .35 as he did recently. Two percent of the sale of a division, $300 plus thousand salary and options... NOT exactly earning his keep. Imho
TY Abundance appreciate your thoughts
I was concerned about Altria when Bunk a said he is concerned in the recent interview ...have moved to very concerned as Altria has had the results for 90 days give or take a few hours. I assume they are dealing with Juul, nicotine pouches,lawsuits, Covid....but this is a drop in the bucket in terms of investments. I go from thinking that this is a small investment in a small company that will not walk away from Altria and bow to the will of Altria...therefore we will get to you when we get to you. Then I think they spend more than four million on lunch...so if you are not just stringing us along....write the fn check! Glta
Ty Codfather ...nicotine and Covid ..quick search for those interested. Mistakenly thanked Stockman earlier.
ty stockman ...nicotine and covid...quick internet search if you are interested folks
Taking 700000 shares, 2 percent of the sale of a division and I believe 13 million shares in his pockets is f in greedy of Bunka
2.5 million options and he takes 700,000 for himself ,BS on any level
2.5 million stock options issued 700,000 to bunka from the way the article reads. 32 cents for everyone except Bumka at 34 cents wtf
We all want to know but the pps and no word has Bunka concerned and me too! I thought the pps would move with positive results shared with Altria???
Board seems silent - anyone holding this stock?
Do they have to report a no thank you from altria?
There are none so blind as the Gilead that will not see...hoping a big boy discovers lexy
Welcome and gltu
Looks that way on the marketwatch chart Also 50k at about 10:40 this morning.