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Maybe to make the pps drop so purchases can be made before the PR.
I can think of many reasons to be hush at this point and a lot of them are really good.
I expect the first PR to move this stock up to come out next week.
Yep, 60 units per year for 5 years from date of first delivery
Right now LEXG is the only distributor of the UT that we know of. LEXG has stood by GLOTECH INTL/ Soncav from the very beginning. Remember, GLOTECH USA failed to deliver on a contracted unit. LEXG took them to court, won, GLOTECH USA disappeared, and LEXG became the partner working with Soncav to develop the UT. Walsh bought a UT unit with his own shares so as not to issue new dilutive shares. GLOTECH INTL stepped in and guaranteed a unit. GLOTECH INTL became SONCAV who is now finally delivering the LEXG unit. The LEXG UT unit will be the unit placed in Canada to showcase the tech. Initial distribution will be mainly to Canada where LEXG has exclusive distribution rights to non-hydrocarbon applications, and non-exclusive distribution rights to hydrocarbon applications. LEXG has been a loyal partner. Wouldn't it be awesome if SONCAV gave LEXG first right of refusal on other world markets? LEXG has the right to obtain/distribute 5 units per month for 5 years: 60 units. SONCAV has said the units are built from "off the shelf" parts. One particular shaft had to be specially manufactured at a ship yard. This may be a bottleneck but SONCAV has said they can produce more than enough units per month. When the capability numbers are out and orders start coming in, it will be very exciting. LEXG will be a cash business with very little overhead, a middleman distribution business. There will be money to expand, buy back stock etc. they are finally coming to the end of this lengthy development process of a new "game changing" tech. IMHO, GLTA
Dilution has ended. Debt has been paid off. The oil unit has been repaired and shipped to Canada for final evaluation. The water unit is in third party evaluation. The price of oil is declining again. The world is in a drought. The next PR due out next week could have the news, such as income via advanced sales contingent upon the 3rd party evaluation, that will not only pop it up but change the trend for years to come. Nothing but up from here, IMO.
Wrong on both: it's not early in the year and we won't see .0001!
Dilution is done.....for now. Dilutive debt has been paid off.....supposedly. Tech is in final stages of monetization...maybe. Volume that exists today is due to longs averaging down and traders reloading....not worth much. Videos present a plausible picture....barely. Hope springs eternal....eeeyeah. Turning the corner...who knows. NO ONE KNOWS! It's easy for some to make dire predictions....it's harder to be optimistic.... BUT, NO ONE HAS ANY CLUE AS TO WHO IS WRITING THESE COMMENTS OR THE VALUE OF THEM! This board is as questionable as the company. I have averaged down quite nicely. I believe in the tech. The dilution has hurt worse than I thought it would. I do believe this is the bottom. I think LEXG can get its first unit or two out this year. I always said 2015 was a building year. I believe this year will show the first income from the tech. No where but up.......and the sky......it's enormous! Patience will be required!
Calm before the storm. Walsh has already said they are satisfied with the heat generated. Once independent test numbers prove its efficacy and orders start flowing in......BAM!! This is the bottom. The next two months are going to be fun!
Looks like they are setting up the stem cell operation for this summer as previously thought. Are there any restrictions to using stem cells in this safety study? Could patients 4 & or 5 get stem cells?
Me too. Patience!
Where would we be without the Tero sale? IMO the sale of an asset that never realized it's income potential for desperately needed cash to get cash flow coming in sooner was the best possible event. All in all, across the balance sheet, improvements have been realized! Soon the final phase of "testing" will be complete and by September cash will be flowing in!
And with the money from the sale he can operate through the final "testing" phase of monitization without having to raise additional dilutive funds.
Sometime last year I think I heard $250,000. May have been from Alex himself at the shareholders meeting.
IMO nothing to do but wait but......July probably will turn out to be September
A price stimulating 10q will be out soon!
Your predictions remind me of Walshes'. Now it's 2015 is it? So easy to take your position!
Recently the FDA reduced the time required for the pivotal study in devices such as the NSS. Napadano did not consider this. From what I read, with continued positive results, monetization of the NSS could be considerably sooner, early 2017
Jordan progressed from class A to class C, Jesi did not, still class A. So without considering all the other positives this fact is controlling the price decline.
I would but I'm out of the country
Tero is the only money he has. I think it would behoove LEXG the most if he would reduce debt now, concentrate on the distribution of units, get cash flow and then go for a purchase.
The vote last October was to raise the A/S to 2 Bil, not to add 2 Bil shares.
Since they are a pink sheet company they don't have to release reports on a time schedule. Let's hope they are waiting for the best news of all.....contingency orders placed during demonstrations!
Some of the money from the sale of Tero going to buy back shares?
XYLEM attending...wil benefit Son Cav and LEXG by bringing credibility to the tech and companies.
Thanks Bull, awesome post!
LODOGUY, Who is buying the stock? Why not the same people who are "shorting" it? Only people who own it can "short" it, ie. sell it before they buy it. We can't short the stock because to sell before you buy (cover) one has to borrow the shares from a broker. Our brokers don't own penny stocks so they don't offer shorting. I think those who receive huge blocks of stock for money lent, interest or service, are selling, not "shorting", to drive they price down so they can buy back more shares increasing their positions and averaging down. This isn't really shorting it's just selling to drive the price down to where they reload. The venture capitalist (VC) listed in the SEC filings know the tech is real. They put up millions collectively. They want to decrease risk by taking money off the table. They received warrants and convertibles at prices ranging from pennies to sub-penny. They have an opportunity to increase their positions at sub-sub-penny prices and manage risk. Alex delays to give the process a chance. He is beholding to them. The VC are the shorters, MMs and buyers. Am I off base here?
Except the funds from the sale of Tero
I have asked you many times to tell us what you know and why you make this claim. You haven't responded, but IMO:
My DD indicates that the UT is real: college professor saying he knows of this tech and a second hand source who says it exists and works.
There has been much debate about dilution, market makers (MM) and short sellers and traders.
We all know that we can't sell LEXG short because to do so our brokerages would have to own shares in order for us to "borrow" shares from them to sell them before we buy them back (cover). They do not own penny stocks and do not offer the short sale transaction. So who are the short sellers? They are people who already own shares. They sell their shares, driving the price down, and then buy back (reload) at a lower price. But WHO are they? The venture capitalists (VC) who have put millions of dollars on the line! They received stock warrants or convertible debt at prices that range from several pennys to sub penny. They want to reduce their risk. They want to make huge profits in the least amount of time. They want sub-sub penny positions. Vietnam veterans will recognize the VC as gorillas that employ tactics considered unconventional. These "VC" do too. They sell their millions of shares driving the PPS down. We wonder who could be buying so many millions of shares of this P.O.S. stock? Who else? The "VC". They know the tech is real! They are averaging down and accumulating more shares along the way. Alex Walsh is complicent in that his delay tactics give time for this process to manifest. He is beholding to the VC. Without them nothing would be possible. You call this a scam or Ponzi scheme. Is it? Yes and no. No because the UT is real and Walsh is trying to monetize it. Yes, because of the market making, price manipulation "short selling" of the stock. The folks that have got scared and run have put their money into the "VCs" pockets. The traders know this and hop along for the ride and profits too. The "VC" are the ones who approved the R/S. They control the stock! . You are a trader. You sell and buy back during the decline to average down and accumulate more shares, just like the VC. You make unsubstantiated comments to induce fear which helps your cause at the expense of others who don't understand. Dilution; the issuance of new shares in exchange for service and debt, while necessary and present, is far less a contributor to the PPS fall than the people who own stock and sell it with the intent of driving the PPS down so they can reduce their risk and maximize their profits by reloading at lower levels. Some of us just elect to average down without selling to drive the market down. The relationship is not all bad. In some ways it is symbiotic. Yours employs less risk. Maybe it's smarter. But it hurts others when they are convinced it's time to sell. IT's TIME FOR ALL TO BUY AND AVERAGE DOWN before it's too late.
Use the money to reduce debt and get cash flow coming in from distribution and lease of UT units
Or the sale of assets as stated in last PR
Yeah, I still think dilution is a minor player being overly worried about
Sorry...not received as rational...flipping out is your problem!
This article says uplisting tomorrow!
Exactly.......
Yeah...old news that never was spoke of again...lost in the past with so many other of Walshes' dreams....or....work in progress....no one knows.....that's the problem!
Well, I guess it's safe to say that you've thrown in the towel! You have come to some conclusions based on emotions not facts. Many others have too. The PPS is dropping due to these emotions: frustration, mistrust and fear that it is a scam. People are selling, just like you, which is causing the price to drop.....not dilution! We are all frustrated! This company's communication is abysmally poor. Some of us, while we "feel" the same as you, are not convinced it's time to sell. Since we've already "lost" 95%(we haven't really until we do sell), why not risk the last 5% to give the tech a chance. Why not average down at these prices. IMO, the tech is real. It may take a lot more time to be monitized but it exists.
LEXG bought the rights from SONCAV (GD Glotech Intl) to distribute the machine in Canada. Exclusively their right for non- hydrocarbon applications and non-exclusive in hydrocarbon applications. I haven't read of an expanded agreement. It isn't in the SEC filings. Where can it be found?
HAHa, no I'd be too embarrassed to. It sucks right now but it isn't a scam or Ponzi scheme, it's too F'up to be!
I think it's safe to say he isn't living a lavish lifestyle squandering shareholder's money and getting rich off the management of this company. He is trying to build a business with the limited resources he has available to him. He isn't doing very well but as I have said in the past; when it comes to the UT he isn't in control of very much.