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It’s a very small amount
Has anyone ever spoke to ceo on why his ownership position in shares is so small?
Everything seems on track just same story of no interest.
It’s says in prospectus it’s automatically exercised. 20 out of 30 days above 18. Something like that.
They can be called early though
Why would you buy the warrants which are 11.50 strike price when stock is at 7ish. Just curious.
Interesting because these companies are trading at 3-4x that valuation. You also didn’t factor in the revenues of current operations.
10-K is out
What the hell is going on here. 10 was supposed to be a gift
Yea and all he would say is the manipulation is from being on OTC. News releases aren’t being appreciated on the otc. Just wait till we uplist to the nasdaq
I’m getting sick of the lack of press releases. There’s so much talk of a breathalyzer and yet they don’t take advantage.
4K bid at 3.10
When is this company going to engage with investors????
NY is saying they need marijuana breathalyzer. Why isn’t lifeloc jumping on this. I have left a few messages with no response as of yet.
I think we have a few more weeks till the report
British American tobacco making news today with equity stake in OGI.
Bid under $3
Here we go again 3.26 x 3.74. Even when there was a good sized bid there was no urgency from others to pounce on the ask
Always interesting when we get a bid with size there never seems to be a hurry for people to hit ask.
Right now 4700 shares bid only 300 ask. 11 cent spread. Surprisingly nobody jumps on those 300 shares. Idk seen this many times
Just a 13-d filing which is required not any new purchases.
So once and for all here was his post.
“Along with the up listing was a capital raise of roughly $9m, sold to institutional investors.
All the best,
Knife “
So that is a false statement. It wasn’t sold to institutional investors. A portion was sold to an institution. If the entire round was bought up by institutions that is very different would be perceived differently.
The other point is buying into this deal was different than the deals when they were on the OTC. The disclosure documents were much more lenient for this round so you didn’t have to meet the normal “accredited” investor criteria.
Why does this matter? If institutions are participating 100% of rounds in a financing they are much more likely to support the company down the road should they need more financing. You will also have other institutions possible interested because it’s now on their radar. If you are just getting regular investors its perceived differently.
Bottom line it’s positive they have the money (it’s My opinion they screwed over shareholders by diluting to this extent at this valuation) but now and it’s up to management to use it wisely so the company succeeds.
Well when knife keeps posting false comments about it I believe it’s only right to correct it. Making people believe institutions invested the entire 11 million vs regular people is misleading and just trying to trick people.
This company is working on so many amazing projects I would think potential investors would be excited to know that instead of misleading them to pump up share price in short term.
Also
The reason I say you could have participated is because you keep saying it was just institutions which is false. I know it sounds great and would be more desirable if that was the case but it’s not true and you are misleading other members that read this board.
So apart from your perfect timing getting out at the top and buying the bottom as you say which I find highly unlikely but good for you. The private placement with Hc wainwright was stock at 5.25 and warrants so explain to me how you got a better deal than that.
The warrants give me the right to buy more shares at 6.58 for 5 years
So I got pre split to make it easier for you .175 share stock
.219 warrants.
I could dump the shares right now and keep the warrants and it’s free money or sell the warrants and keep the stock and that would put me into the stock even cheaper. 5.25 -2.31 (warrants) = 2.94
(.098 pre split. ).
Lol cause I caught you spewing misinformation.
Yes but your statement that the financing was all institutions was incorrect. Once again I participated in the financing with Hc wainwright. I’m not an institution lol. Their clients were offered the deal as well.
Bottom line is the stock is .23 pre split. Altria made a great deal with Lexaria and took advantage of Lexaria management teams negotiating skills. They gave up a large portion of the nicotine division for $1m so our own team only thinks that division was worth $6million. They diluted shareholders in a awful capital raise at a 4 year low and he broke his fiduciary responsibility when he up-listed without the Nasdaq guarantee. Which he stated publicly. If all these institutions were lined up to buy his company after it was on the Nasdaq we still wouldn’t be trading below the price the day before split. Also your point about how easy it is now to move the stock because of the low share count only amplifies this point because they could lock down a large % of the float which they aren’t doing based on the trading activity and sec filings.
You can defend him all you want. For years I did the same thing. But his public statements and actions don’t match.
Lol yea but there’s that and the truth. Anyone could participate in the last one with wainwright. It was actually harder to participate when it was on OTC. So many more disclosures ontop of being accredited investor.
It wasn’t sold to just institutional investors. It was sold to anyone. You could of participated with Hc wainwright. How many 13-F filings have we seen from all these institutions?
Nice to see they hired another IR FIRM. what’s $16,000 when you just raised $11m at multi year lows.
Nice to see more action early in the day. Seems like word is spreading about this Co
Going to $20+
Um it’s a $7 nasdaq stock. Not a penny stock. Let’s be factual.
Yea I got a order under $3 for that reason. Be happy if I don’t get filled but no harm leaving it out there
That was in response to agents post that because they are still in business they haven’t failed. It’s truly amazing the amount of people that rush to defend this management team.
It hasn’t failed because they keep going to the market for more money. But if this was a small business that needed funding from a bank it would of been done years ago.
Good job with the rebuttals though. Maybe take a look at the many public companies that have not much going on and are up 10x+ from the low and the market caps are much larger than Lexaria.
Medmen ITHUF INQD BUDZ KERN NAKD SNDL TRTC CVSI
It’s comical. Now the excuse is you can’t expect much from them. Hmmm. Before it was it’s a penny stock, it’s on otc, Wait till it uplist to higher exchange. If this is and was a “lottery ticket” then that’s what should of been said for the past 3 years not every other excuse.
When marijuana sector was tanking it was a marijuana stock now that the sector has been on fire it’s not.
Management screwed long term shareholders. Period stop. Bottom line this can easily go up to $25+ from here but it doesn’t makeup for the shenanigans they pulled.
So it’s down over 89% over 3 years. That’s not cherry picking a day. That’s a long timeframe and when you compare it to the overall market, marijuana sector, pharma or bio tech it has extremely underperformed.
To use your example
If your a fisherman and for the past 3 years your competitors are thriving all around you and your struggling to catch a fish maybe the problem is you.
Ok agent thanks for clarifying your point of view.
I view it much differently. Maybe if the ceo was treating it like that I would but with his compensation the expectations should be hire. If he was doing this as a side project ok yea lottery ticket. But when he has said in public interviews the plan for this company and how the technology works and he can sell the company multiple times (each subsidiary) i expect much better results.
Then you throw in the OVERALL stock market has been setting new highs for the last few years and this is down around 85% yea it’s extremely disappointing.
What would you like to compare it to now? They are very much still tied to the sector. But what would make you happy Pharma? Biotech? Look at those stocks.
Excuse central here. When marijuana sector was down you compared it with them. Now we gotta make excuse for the Bunka.
We’re on nasdaq now. So that excuse is gone. When all the pre market movers were happening Bunka’s excuse was we’re otc. Well now your nasdaq and your float is much lower than GNLN SNDL TLRY OGI ACB APHA CRON
then you have otc stocks SPRWF TLLTF SLGEF KSHB CVSI INQD (.001-.035) floof
If you would of told me the force of this rally I would of expected LEXX to be minimum $30. Maybe closer to $60 $1-$2 pre split.
It was .25 the day before split and entire sector has been on fire. But I’m looking too deep into a shallow puddle with this board. Lexaria can do no wrong