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It seems that most of the posters on this site are hoping for a quick rapid rise so they can finally get out with a profit. But, that would be more of the same. PUMP AND DUMP. I want to see a slow steady uptrend indicating the machine works, orders are being placed, income exists and is growing and perception is changing.
It's natural to be fearful of this stock, it's been ingrained into our psyches over a long period of time. Until negative perceptions turn positive it's much more likely to have a downward bias. That's why we feel this stock is on a precipice, why we want a positive PR. If it has good support this time.....good things must be happening...things must be happening to actually change to a positive bias....more important than a positive PR. LETS SEE SOLID SUPPORT LEVELS IN THIS PRICE CLIMB!
IMO it won't do what it did last time. There is one big difference between last time and now.........hardware! Last time was the selling of a concept, this time the unit is in the final development phase, with a new CEO calling the shots. LEXG is hopefully debt free, as Walsh said it would be, with rights to the first unit which will be proven on the Morrinville site. It will be proven and be sitting in place to start production. It will be a showcase to place additional units. With the rights to all of Canada and a proven machine in place to showcase its capabilities Walsh will easily place additional income producing units. This price is just correcting back to where it should be, to where it would have been without all the delays, mistrust, and negative perception.......and the UCG is getting the attention of big money. People have mentioned Coke......I think more likely Koch.
I think a 25 mil market cap or $2.5/shr is reasonable with good field "testing" results on the oil unit. From there with 5units to place per year .......could be incredible. Let's light this candlestick!
Wow, look at what being in the top 5 on the breakout board brought in! If your here many more will follow.
Market cap still less than 2 mil. IMO, a Market cap of 50 mil is not an unreasonable 6 month target. That is $5 per share.
I think you're wrong. Feels different this time. May go back down later but feels like a greater climb on huge volume is coming first.
I thought we were supposed to be debt free. What does recap debt mean? Take on new debt?
It's 14 mos old with no update
1 water and 1 oil unit
Could be next week. Last year the Annual report was filed on 14 Oct.
You say a lot of good stuff but often the input/ spell check messes it up too much to understand. Please use the preview and edit so we can get the most out of your posts.
The avg 10 day vol is around 200,000 shares. At .035/sh that's only $7000 per day of trading value. I will go out on a limb and say the seals haven't even been replaced yet. Nothing about this operation is on time or efficient. The unit probably still needs to be shipped and it will probably take another month before the independent third party evaluation begins. Evaluation will take a couple months, if all goes well, and since by then, winter will be upon us, conditions will be challenging and not all will go as planned. It will take longer which will cost more money which LEXG does not have and therefore there will be more dilution. But, what is reasonable? How much do you think the costs associated with this final phase could be? $1,2,3,4,500 thousand? $250k at .035/ share equals over 7million shares contributing to dilution. Could be twice that amount. There are only 9.7 million shares currently outstanding. If Walsh wanted to place the minimum quota of 5 units per year in the field, to create cash flow, how much dilution would that cause? At .035/ share and $250,000/ unit that's close to another 36 million shares. We could easily see shares outstanding climb to over 50mil. and our positions devalued by 5 times. Dilution is and will continue to be a reality, it is necessary to move forward. I won't like it as much as you. I will get worried that the money is being misappropriated just like you. The "sky is falling" people will be very vocal and fear could prevail. But, just like in the past, the speculation of worry and fear is not necessarily true, it's just easier and less risky. With your money riding on something so risky, it's comforting to verbally express a less risky psychological position....fear. If however,the unit works well enough to save the small oil companies millions of dollars, cash will start flowing in and that will end dilution and start to increase the value of our positions. We will have to endure more pain before the pleasure.
Yeah, I've had a conversation with a college professor that said this tech does exist. I don't believe it's mumbo jumbo. I think the tech is real but how efficient is it is the question that is being proven now. The other issue has been the financing. Time is money. It's taken way longer than anticipated, therefore cost way more than anticipated and diluted way more than anticipated. Hopefully the long road is about to crest the hill and lead to the rainbow. Until Walsh says something we're just speculating.
Sorry my last was accidentally posted on the wrong board... Obviously
If the "testing" numbers are good and UCGs are being placed, what would it look like from our perspective? LEXG has no money. Walsh has to buy units with stock in order to place them in the field and create cash flow. A year ago I remember a $250,000/ unit number was put out. At .03/share that's 8.3m shares per unit. Is there such a thing as good dilution?
If the "testing" numbers are good and UCGs are being placed, what would it look like from our perspective? LEXG has no money. Walsh has to buy units with stock in order to place them in the field and create cash flow. A year ago I remember a $250,000/ unit number was put out. At .03/share that's 8.3m shares per unit. Is there such a thing as good dilution?
Short? Now? Big cajones!
The way I see it is BluCitti is in the business of making money, duh. But how? Are they interested in the technology opportunity or the financing opportunity? They came into he game recently. There was considerable history and technology development for them to understand before they got involved. Did they like the state of the UCG development or the chance to make money in the financing process. They originaly just lent money and were a note holder. When delay after delay led to no revenue and their note came due the answer was the disposal of Tero and issuing them stock. Was becoming the majority stockholder (their fall back safety position) a preplanned way to get control of LEXG or did they know the financing process would allow them to profit anyway. I think BluCitti must have liked the prospect of the UCG, it is the upside to justify their risk. I think the deal they made protected them from downside risk. Smart. The R/S is necessary to have funds to go forward. The last reverse split only generated enough cash to pay off debt previously incurred. Hopefully this R/S will generate enough cash to go forward and generate cash flow. Once the numbers are out, if they are good, cash flow will begin. Why the R/S today and not next year? They need more money now. Why? To misappropriate and live it up or to take the business to the level of cash generation. The R/S now may indicate the "testing" is on time, going well and the numbers are looking good. LEXG needs money to buy more units from SonCav which will be cash cows! Let's all hope so! Walsh has stated that the company would be debt free in August. The development is near completion. This R/S should be quite different than the last. I don't like it but it is necessary to go forward. Let's just pray there are no more delays! Time is money and money is a commodity that LEXG does not have.
Unfortunately LEXG has never met a proposed date for anything regarding the technology. Expect relevant data to be late by at least 1 month.
The way this company has been financed and the delays in the development of the technology are all suspect. All I can surmise is maybe the money has been funneled through to the Russian connection or the whole purpose of these companies is to make money off the financing of the technology and not the development of the technology. Son Cav (Glotech Intl.) is the developer of the UCG. Victor Glotov is the inventor. The only connection (we have been told) LEXG has with SonCav is that LEXG bought the distribution rights of the UCG in Canada and LEXG bought the first unit with the right to receive a maximum of 5 units per year for 5 years from date of first delivery. Delays have been overly excessive and this has been extremely expensive and caused extreme dilution. The question is: Has this been done on purpose? I foolishly felt safer about the risk because several investment companies were placing millions of dollars into the effort. But they protected themselves by contracts that paid them in stock if their money wasn't paid back on time. The development has never been close to on time and excessive dilution has occurred. The development process is however, complex. The technology is new and flexible. The development is being managed by Russians in the USA and tested and introduced in Canada. Will the complexity be used as the defense for failure. Will the effort fail? Will a reverse split that brings in 200x more money per share be what is necessary to make the effort successful? Or, will it just funnel more money into the hands of others? Is the financing process the money making vehicle and not the technology? BlueCiti is the majority shareholder. They are new to the financing process. There was plenty of history for them to consider before they lent money. Their fall back protection position was to receive stock and become shareholders. They either saw that they could make money via the financing process as the other investment companies have or via the technology development process. Unfortunately, at this point I believe they are invested in the dilutive financial process and not the technology. I have been long for three years. My due diligence says the tech is real. The question is still whether or not it is economically viable. That, purportily, is being independently verified now! With only 1% left at risk, I'm a bag holder. So, is making money off a financing process illegal or just immoral? Is that the scam? If it is count me in on a class action law suite. We could get a receiver to claw back all the money illegally gained by the investment companies.
Well, I've been long and consistent for over three years. Some may call me a fool because I am not a trader. I have been on this site for 1 year. I can say this: Everyone on this site has their own agenda and it is in no way a representation of reality. What a bunch of emotional, guessing, praying, hoping, cajoling, manipulating posters. There are many good considerations with LEXG. There are many bad and ugly ones too. The good the bad and the ugly. I don't think most posters on this site even know LEXG. The good is that LEXG has a simple business plan as a middleman distributor of a game changing tech in Canada which could be a cash machine. They are not the inventor or developer. The bad are the delays that have driven LEXG into desperate financial conditions which has caused greater dilution than anyone could have imagined. The ugly is that LEXG is not in control of the development of this tech. A Russian is. Information is sketchy. LEXG's life is completely outside of its control. Walsh looks like a fool because of this. Investors loose confidence. LEXG has suffered at the hands of the purveyors of the delays. LEXG had their business plan derailed time after time by the slower development of this tech than they planed on. This has caused the dilution not the nefarious claims of naysayers on this site. This general technological concept has been verified by my due diligence and that is why I am still here. The delays and lack of information are probably due to technological issues, legal and patent issues and the fact that the foreign developers are bringing this tech in from Russia. In a word, COMPLEX. Understand it. Consider the bigger picture too. Give the tech a chance. If you don't believe in it or you don't have the patience then this is probably not for you. But don't stay around making a bunch of fearful claims about a company you don't understand. JMHO of course.
Oh yeah, pps going to new highs on this news. Increasing the size of the safety study and rolling its results into the pivotal study to decrease the time required for the pivotal study? With no setbacks commercialization could be a year from now!
Remember:
Walsh sued GLOTECH USA and Glottech Intl stepped in and promised delivery of a unit. Since Glottech USA was out, the rights to Canada were available and Walsh bought them. LEXG owns the distribution rights of the UCG in Canada and the Morrinville disposal site. Glottech Intl. became SonCav. BlueCitti, a "Johnny come lately" to this thriller got control of LEXG through a SPA which financed the purchase of the Tero disposal site which ultimately had to be disposed of, due to lack of cash caused by delays in the delivery of the unit. The delays in development of the tech have negatively impacted LEXG and made BlueCitti an investor instead of a lender.
BlueCitti had an advantage of entering the game after the tech development had advanced to a less risky position. BlueCiti did not invest in LEXG, they lent money under very favorable terms to minimize risk but with a potential upside which made the risk worthwhile. The debt ended up being paid off in stock. BlueCitti structured the deal. They knew the tech had a good chance of monetization. The fall back protection for them was to become shareholders. They must have been comfortable with the state of development of the tech. Their deal was structured so that they could not loose. We are now in the same boat. JMHOptomisticO.
Unfortunately, I think, NVIV is still suffering from the old sage adage; if it sounds too good to be true......it probably is.
Well said. Last chance to buy below $10, IMHO.
It would be helpful to have more info on BlueCitti LLC. What is their track record? The only company I've found associated with them is PSID. BlueCitti is involved in security purchase agreements (SPA) with PSID. Today I read this on another stock board. This may be the SPA.
On August 17th, 2015 PSID announced the closing of a $2,400,000.00 financing which was stated to have the goal of producing "field testable Firefly Dx" units. Our translation of this is that they are being conservative in saying that they are now fully funded to commercialization--very impressive of a small OTC company. What's more is that this financing was done at a price premium to the market price of the stock (less dilution for current and future shareholders), meaning they had strong bargaining power in this investment agreement as these deals are usually very toxic and done at a steep discount. PSID not only managed to strike a deal at a premium, but this financing was done at a fixed price meaning that if the share price falls the investor still gets the same set amount of shares--this is in stark contrast to the very small and toxic floorless convertible notes development stage companies do--that's why it should impress investors as It's not a typical OTC company whatsoever.
Also, PSID announced yesterday that they successfully produced main component to their revolutionary device via plastic injection molding, yet another milestone in the march to commercialization of the Firefly Dx, and a very important one at that. Traders who are not already involved in this name should do further research and watch for timely company updates.
Looks like BlueCitti is financing another company's testing and development on the road to commercialization.
Anyone have any thoughts as to why this drop was soooo large.
You and I are in the same boat but I am not paying for any services on this site. I can view your messages but can't reply. These videos are a little dated but have kept me in the game. I'm with you and LODOGUY. Essentially a bag holder until ....... I fear the BlueCitti mandated moves, don't know who they are and if they are good for us. I'm not sure why Alex is such a crappy communicator, if it's by design or he he really never did graduate from college and he's incompetent, or Soncav, who is developing the tech, are the *uck ups, which makes Alex look like a fool. Please let me know in a private message if you have any gut feelings.
So many of us have believed in this. The videos that have been released have been less than convincing but we remain hopeful that this tech eventually monetizes in a big way. Your post is just another hopeful one and I hope your not one of the BS posters that are trying to make a quick buck.
We may get some insight into the future by looking at what Blue Citi LLC has done in the past. Search Blue Citi LLC PSID SPA.
Finally at this exciting juncture. The Early Adoption Program starts in September. This is definitely the best way to get the technology field tested, introduced and accepted. We will see income from sales this year! IMO
Lastt Oct we voted to increase the a/s to 2 bil. The 5 bil # in the 8k must be a misprint and therefore the 10 b # too! The preferred stock holders do not have voting rights. If we ultra longs keep our shares we can keep the a/s from being increased between now and next summer and maybe defeat a R/S proposal too! We will get to vote on this. Last time it was the venture capitalists that pushed it through, not us and Walsh abstained.
So far things haven't turned out as hoped....as far as we know! You seam to know more than the rest of us. Who are you? Heck, you could be related to one of the scammers! I have asked you repeatedly to tell us what you know but you haven't. With no substantiation for us to chew on your just a blow hard, egotistical person that likes to be heard. Everything you say is worthless even harmful to us and it doesn't take much brain power or guts to pick the side you have. Since you obviously don't KNOW anything of value we don't have any reason to consider your comments.
LEXG, or any investor in the know, could buy back or buy 130m shares at .0005 for $65000.
LEXG? Why else would they release fearful news pertaining to a year from now?
I will not forget that Walsh bought the first unit of UT with his own shares so as not to dilute shareholder's value. He either started orchestrating the scam way back then or he still feels that way and is working the issues the best he can.
So, if Walsh is already thinking about the next level and an uplisting to the NASDAQ is part of it, which takes $3/ share for 3 months to qualify, he must think that the absolute minimum the PPS will be is $3/200 or .015 by next summer. Why not put out ambiguous information first to drive the PPS down, let those in the know buy, or LEXG maybe even buy back shares at bargain prices before releasing news that will ensure these prices are never seen again.......who knows....but Chemist is right......strange.
Walsh has discretion over the PROPOSED R/S of Up To 200:1 to finance the next phase of the distribution. ANYTHING can happen in a year. But, I agree; if the UT was doing what they say, advanced orders would be pouring in and no need for a R/S, except as previously stated.....an uplisting....$3/shr for the NASDAQ.
So Blue Citi is driving all these changes because they have 51% of the company?