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NEWS OUT
Link to story
Lithium Exploration Group CEO Addresses Shareholders Regarding 10K Filing and Debt Consolidation
PHOENIX, AZ / ACCESSWIRE / November 12, 2015 / Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh updates shareholders on status of annual audit and debt consolidation.
Dear Shareholders,
As I stated last week we are in the final stages of completing our annual audit for the fiscal year ended June 30, 2015. This audit was more complex and time consuming than those of years past, with requiring us to work through complex calculations with our auditor to account for our reverse split, the sale of our disposal asset in Wardlow, and retirement of considerable amounts of debt. We have completed our financial statements and our attorneys are finalizing the changes to the 10K.
Over the past few weeks we have been working to consolidate a lot of our outstanding debt and eliminate some of the derivative liabilities with the outstanding warrant holders. This is happening in conjunction with a capital raise that is earmarked for field testing and general operating expenses. We have a good team working for us but without additional capital in the company, there are no assurances that they will finalize our audit.
I want to let you all know this because it is a cause for delay in the filing, but, most importantly, we are trying to stabilize the company and protect shareholders from unnecessary dilution. We have both the oil and water units ready for continued testing and we are very excited about what the next few months will bring. We are working diligently with all of the interested parties to get things squared away and I appreciate all of your patience as we finalize the moving parts and complete all of our filings.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
Breakout! .29 as of 1:41 pm
Go LEXG!
VFIN and BMAK have rejoined the "party".
Not a good sign for us LONGS as they handled most of the dilution back in the spring after the 1 for 20 RS on 2/24/15. PPS went from .03 on 3/31/15 to .0004 by 6/1/15 (almost a 99% drop).
At this point, I see little chance to recover any significant portion of my investment...so I might as well let it play out. I suspect only investors AFTER the pending 1 for 200 RS will see big gains on this stock, and only after the technology is finally monetized. JMHO.
Go LEXG!
Lithium Exploration Group Updates Shareholders on Oil Unit Progress
PHOENIX, AZ / ACCESSWIRE / September 15, 2015 / Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), updated shareholders today about progress with the oil unit. After stress testing the water unit, the team in Dallas has determined that the seals in both units should be upgraded. The parts have already been ordered and both units are ready for installation. Once that is complete, the plan is to move the oil unit immediately to the field for installation and further testing.
"We have our initial drawings complete and are already working on gathering all of the parts to prepare the oil unit for testing upon its arrival. Dr. Glotov will oversee the final assembly and approve the initial testing procedures," commented CEO Alex Walsh. "With oil prices continuing to stay under $50/bbl, producers in Canada are eagerly looking for ways to increase the value of their production, and this technology has the ability to do just that. We should have relevant field data to be able to provide to the markets in Q4. Our relationship with the team at SonCav has never been stronger. We continue to have full confidence in the technology and its future deployment."
Initial testing videos and testimonials about the technology can be found on Sonic Cavitation's YouTube channel or by following this link.
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
Two trades within four minutes each for 100 shares at 0.0003. Why would MM print trades for only $0.03...could be MM signal that somebody needs shares badly! May be setting up for a POP.
Go LEXG!
Right now there doesn't seem like much upside as long as BMAK continues to sit on the ask masking at 10,000 shares. They just lowered to .0004. Regarding an earlier post about newsletter having little value...I agree partially, but it does give some confidence that Alex is still working behind the scenes to bring UT to market. Without that communication, however superfluous, potential investors may assume the lights have been turned off and LEXG is dead. So I still welcome the newsletters, although we usually see another dip when they are released.
I've averaged down at these levels to recoup earlier losses in case there is another bump. As long as Alex doesn't try another reverse split, there is little downside available at this point. I'm gambling on the upside potential far outweighing that.
Go LEXG!
Looks like BMAK has called the bottom at .0007, and VFIN is not interested in playing right now (bid .0001, ask .01). Guess they are ready to let it run a bit...let's hope.
Go LEXG!
Oh well, our nemesis VFIN is back on the ask. Guess the moratorium wasn't extended.
Go LEXG!
MORE GOOD NEWS OUT!
Lithium Exploration Group Announces Results of Final Inspection of Ultrasonic Generator
Mar 13, 2015 (eTeligis.com via COMTEX) -- PHOENIX, AZ, United States, via ETELIGIS INC., 03/13/2015 - - Lithium Exploration Group Inc. (OTC Pink: LEXGD) (PINKSHEETS: LEXGD) (OTC Pink: LEXG) (PINKSHEETS: LEXG), reported today the results of the full inspection of the Ultrasonic Generator in Spring, TX. The only major damage to the unit in last month's highway accident was the exposed part of the shaft. The shaft was bent but none of the other critical parts of the unit were damaged. A new shaft and a new set of seals and bearings have been ordered from the manufacturer. Once those arrive, the unit will be reassembled and shipped as planned to the Tero facility in Alberta, Canada.
"This is another piece of good news for us. Even though the initial pressure test went well yesterday, we had concerns about minor dents and dings inside of the unit. The full inspection found that the shaft needs to be replaced, but all other critical componentry is sound and ready for reassembly," commented CEO Alex Walsh. "The shaft is a simple replacement part from the manufacturer and we hope to have an estimated turnaround time early next week so that we can make arrangements for reassembly and shipment of the unit ASAP. Given the severity of the accident that occurred on I-45 last month, this is absolutely fantastic news."
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28152 - Link to submission on http://www.eteligis.com
http://www.eteligis.com/FileHandler.aspx?submissionRequest=28152&documentRequest=18611 - LEXG_03-13-2015_888_ETL.docx
Copyright Eteligis Inc. 2015. All rights reserved.
-0-
INDUSTRY KEYWORD: METALS
MINING
SUBJECT CODE: COA
GOOD NEWS OUT!
Lithium Exploration Group Announces Successful Pressure Test of Ultrasonic Generator
Mar 12, 2015 (eTeligis.com via COMTEX) -- PHOENIX, AZ, United States, via ETELIGIS INC., 03/12/2015 - - Lithium Exploration Group Inc. (OTC Pink: LEXGD) (PINKSHEETS: LEXGD) (OTC Pink: LEXG) (PINKSHEETS: LEXG), received word yesterday that the Ultrasonic Generator successfully underwent a two-hour pressure test at the facility in Spring, TX, where it is being inspected for damage. The test was run to evaluate the overall condition of the unit after last month's accident outside of Corsicana, TX. The next step is to completely disassemble the unit, which is expected to be completed by the end of the week.
"This is a huge weight off of our shoulders because it means that the integrity of the unit is still intact. Our remaining concerns at this stage in the disassembly process are the condition of the shaft, bearings, and seals on the interior of the unit," commented CEO Alex Walsh. "The good thing is that any of the parts that could have damage to them at this stage are replaceable, and we are confident that we will not have to replace the entire unit which would have caused many months of delay."
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
LEXG NEWS OUT - You called it Lodoguy! Thanks for your continued focus on the LT objectives here...
Lithium Exploration Group Announces Oil Upgrading Unit Ships from Houston
Feb 11, 2015 (eTeligis.com via COMTEX) -- PHOENIX, AZ, United States, via ETELIGIS INC., 02/11/2015 - - Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), announced today that the SonCav oil upgrading unit shipped from Houston today en route to Tero Oilfield Services, Alberta, Canada. The company will post pictures of the arrival of the unit later this week and the team will meet early next week on site to begin preparations for field testing.
"We had to complete customs paperwork before shipping the generator, motor, and drive to Tero in Canada," commented CEO Alex Walsh. "We will make the final preparations for testing next week and will report back to shareholders with a plan of action on data collection and procedures to provide updates on the results in a timely and transparent fashion. We have all been waiting for field testing of this technology for a long time so we are very excited to see what the next few weeks will bring to the company and our shareholders."
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28041 - Link to submission on http://www.eteligis.com
http://www.eteligis.com/FileHandler.aspx?submissionRequest=28041&documentRequest=18387 - LEXG_02-11-2015_888_ETL.docx
Copyright Eteligis Inc. 2015. All rights reserved.
-0-
INDUSTRY KEYWORD: METALS
MINING
SUBJECT CODE: COA
LEXG - Yes, nice close indeed. Despite the "Rich" guys SHOUTING this is going down (and we closed above their predicted .0018 "ceiling"), we still had another UP day as we continue a steady rise back to appropriate PPS levels. Stock still way undervalued IMHO. As much as the ULTRALONGS have suffered, days like today are nice to sit back and laugh at the utter stupidity of those claiming to be white knights yelling the sky is falling! Enjoying these GREEN days, and I'm not nearly ready to GOBBLE it up yet...I'll let it ride much higher. Thanks LODOGUY for your continued counter arguments to those SHORTS with hidden agendas!
Go LEXG!
LEXG - Newsletter is out. Recently it seems we have a slight pullback after news is released. I hope that's not the case this time...but news is not promising - additional 25% stake in Tero did not materialize, testing of UT still forthcoming, and no progress with Morinville facility. I suspect another pullback, but still have my eyes on the long-term prospects. GO LEXG!
Lithium Exploration Group CEO Distributes January 2015 Newsletter
Jan 15, 2015 (eTeligis.com via COMTEX) -- SCOTTSDALE, AZ, United States, via ETELIGIS INC., 01/15/2015 - - Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), CEO Alex Walsh discusses ongoing business activity in his January newsletter:
Dear Shareholders:
As we move into 2015, our focus is squarely back on the development of the technology on which we have been working for the past four years. We are ready to ship the oil treatment unit from Houston any day now, and, with the approval of our partners at SonCav, will be posting pictures of the unit shipping and arriving at Tero on our website for all of you to see. We hope to initiate testing at Tero this month and to continue that testing of various oil types through the first quarter to gather operational data from its performance.
We are still in discussions with various financial and strategic partners for the Morinville facility. As stated last month, we had hoped that we would be in a position to raise the development capital for the project, but we need to keep our capital focused on the cash flow at Tero and the commercialization of the ultrasonic technology.
Morinville continues to operate under its Class II designation -- taking produced water from a number of customers in the area and selling the skim oil that comes from that production. While we thought we would be further along by now in the facility's expansion, our team has done an amazing job in bringing the well back to life over the last year and making it a viable competitor in the region. The facility will continue to operate 'as is' while we look at options on financing the expansion plans that we have been working on for the past six months.
We were set to close on the financing to acquire an additional 25% of Tero Oilfield Services in December, but the investor that was in place to complete the financing was unable to fund the investment. The option that we have to purchase the additional 25% does not expire until the end of February, so we are exploring other financing sources to complete the transaction. This has no impact on our commitment to the future success of Tero or to our partnership with their team.
I had a conversation with the CEO of a company in Texas earlier this week that I found very interesting. This is an oil services company very similar to ours, in that they started by developing a technology that had applications in oil services. They then bought their first service company as a way to assist in the deployment of that technology. They now have multiple technologies that they have brought to market and three divisions of their service business and are projecting to do over 50MM in revenue in 2015. They are the company that we are trying to become over the next few years, and the growth opportunity will be spearheaded by the ultrasonic technology. We are bringing a technology to market that will revolutionize the way that oil is treated in the field prior to being sent to the pipeline, and we have an existing footprint to test, market, and deploy this technology all over Canada through our partnership with the guys at SonCav and their team in Texas.
It has been a long few months, retiring the debt from the Tero acquisition and getting the oil unit ready for shipment -- but we are finally here and are extremely excited for what this year will bring to the company, our partners, and our shareholders.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
Associated Documentation:
www.eteligis.com/ViewSubmission.aspx?submissionRequest=27916 - Link to submission on http://www.eteligis.com
http://www.eteligis.com/FileHandler.aspx?submissionRequest=27916&documentRequest=18201 - LEXG_1-15-2015_888_ETL.docx
Copyright Eteligis Inc. 2015. All rights reserved.
-0-
INDUSTRY KEYWORD: METALS
MINING
SUBJECT CODE: COA
LEXG - Excellent post Devo!!! Exactly why I'm still holding despite major paper loss. This should be read carefully by all LONGS looking to bail/tax write-off. You could always sell next year to take your loss unless you have gains this year you need to offset. But with all the suffering already endured by LONGS, why bail now? IMO the upside potential outweighs any additional losses. Yes traders have the upper hand now, and once the pps rises there will be significant resistance from LONGS looking to cut their losses. That will be a major barrier to a rapid rise. But I'm focused on the potential beyond that, say next summer. Guess I've turned into an ULTRALONG like lodoguy (where is he? did he bail?).
One point of clarification - I believe the .0015 pps you estimated would be 2x today's price, not 20x. The .01 pps using 6.66 multiplier would be 14.28 x today's pps as you stated. I too am looking for a .01 pps, although a little later than mid Feb. Only then will I consider selling a portion.
LEXG - Every trade is both a buy and a sell, as it takes two willing parties to complete the trade. But trades are categorized as buys or sells based upon the trade price relative to the bid/ask at the point of sell. Example - assume a trade occurs when the bid is .0006 and the ask is .0007. If the trade occurs at the bid (.0006) that is a sell, meaning a seller agreed to a buyer's offer. Conversely if the trade occurs at the ask (.0007) that is a buy, meaning a buyer agreed to the seller's terms. Lots of online sites track trades relative to the current bid/ask to determine this for each trade and then accumulate a running total for the day to gauge who has the upper hand - buyers or sellers.
LEXG - Those with L2 have probably noticed that our dreaded friends BMAK and VFIN have been camped out at .0005 on the bid for some time. Let's hope that's the bottom they have set (and don't change) to cover. Current bid has less than 1M shares at .0006, so we likely will find out soon. We need this dilution to end and reverse course back north! BTW trades today are 12M buy and 110M sell. Ouch!
LEXG - Ref. the quiet board - I think the realization for us LONGs has settled in...it will be awhile (mid 2015) before we see any traction that MIGHT increase the PPS. I think the last run to .0016 followed by more dilution/selling confirmed that for us. The stock is only appealing to FLIPPERS who have the nerve to do so. There is no need to hype the stock until we see positive momentum with revenue generation and UT monetization. Massive hype now may be counterproductive in the long term...it just pisses off NEWBIES who buy the hype/short run and quickly see their investment erode. And the SHORTS are quiet for a simple reason...there's not much room left to drive it down!
Several LONGS have stated they believe traction will begin after 1st quarter 2015 numbers are released. I agree, and I believe that will be the first opportunity towards rebuilding the PPS, assuming the numbers are good. If not, well, turn off the lights and lock the door. Just my opinion...no crystal ball here.
LEXG - Name-calling is unnecessary. VFIN was on the ask at .0011 as I typed my message. I am a LONG, so I am just as frustrated as others may be, but let's focus on the stock and not looking for trivial issues to vent. Cheez!!
There's two trades for 100 shares each...signal that a MM needs shares? Oh wait, now there's THREE trades just so someone doesn't get all touchy with me!
Go LEXG!
LEXG - Wish you had been right...
LEXG - Don't have to worry about that large block at .0014. Won't get that high...VFIN is back masking shares on the ask at .0013. PPS just hit .0011, getting awfully (pun intended) close to trip's. Scoob needs to work his magic!
Go LEXG!
LEXG - Unfortunately it looks like my assumptions this AM came to fruition..
LEXG - Don't get ahead of yourself with expectations. I too want to see LEXG rebound BIG, but prefer slow and steady over quick (which then falls just as quick). Looks like yesterday's late afternoon buying rampage will not be sustained this morning. BMAK is back on the ask at .0015 and the first trade this morning was down and for only 300 shares, which typically is a MM signal to take the price down, sometimes significantly, to get shares. And as I type, there is now a trade for 500 shares on the bid (down), which typically signals other MM's to gap the price in that direction. Let's hope I wrong!
Go LEXG!
LEXG - Two trades for 100 shares each in the last 15 minutes. MM's signaling each other that someone needs shares?? WOOHOO, let's hope so. This stock is ready to bounce back BIG!
Go LEXG!!
LEXG - VFIN lowered ask to .0013 and must be looking to hand off to BMAK who has joined the "party" at .0014 ask. Not surprisingly, both are showing 10,000 shares (i.e., masked volume). LONGS must be getting frustrated and I'm sensing some retail resistance (there are 3.4 million shares at .0015 ask). Buyer interest seems to be drying up, not that I blame them, or at least they are waiting on the sidelines until dilutive MM's change course. Once the dilution ceases, this puppy could pop quick as those on the sidelines jump in. Scooby, how about some Scooby snacks to help us exorcise these demons?
LEXG - VFIN back on the .0014 ask with 10,000 (masked?) shares. It seems VFIN and BMAK are taking turns pushing this stock lower, so there must be more debt conversion (dilution) occurring. Wish one of them would cover and take the lead on the bid...then we would know the bottom has been called. For now, they continue to lower their bid (now at .0010) as the price drops. LODOGUY...can't you take these dilutive MM's with you to NY? With them out of the way, we could get a nice "Santa Claus rally" on this thing.
LEXG - Never a good sign when a stock tumbles to all-time low on "news". Maybe Alex should focus less time on fluffy PR's and more on operations. Seems like the stock was treading water okay without any news...this just pushed us over another cliff heading towards trip's. Frustrated LONG's must be bailing, and I can understand why. But I can't believe any newbies would purchase now with such strong headwinds...there is a clear upside blockade by the dilutive MMs (currently BMAK sitting on .0013 ask and VFIN next at .0015). Oh well, no use crying over spilled milk...LONG's may as well let it ride as this point. Guess the SHORTS will be around soon gloating!
LEXG - BMAK must see the PR as an opportunity to short again. They are sitting on the ask at .0016 showing only 10,000 shares and unloading shares. At least there is strong support with 5.8 million shares on the bid at .0015. I would like to have seen the PR yield more productive results at the open, but the day is short. Still LONG, but disappointed that the likes of BMAK (and VFIN) continue to see opportunity to short this stock.
LEXG - I'm hoping WEAK LONGS (who are getting scared) will sell just enough shares at 0.0015 so that the MM dilutors will finally cover their short position. If too many LONGS sell, then the MMs will let it drift even lower. Once the MMs cover, they will "walk up" the Ask to once again create interested buyers. How far will they walk it up? Until they see waning interest and feel confident to begin shorting the stock again. But the more buying interest after they cover, the more they will let the stock run!
LEXG - Ok, 0.0015 is now on the bid. Let's clear out those shares that the MM dilutors need to cover, so they will turn this baby loose and let it move back up!
LEXG - it seems that BMAK and VFIN are determined to push this stock down a bit further. For several days now, both have been sitting on .0015 bids at 10,000 shares (likely a "hidden" volume). So that must be their cover point. They are working hard to get it down there, and if successful, then MAYBE they will finally let it POP!
LEXG - Well, that's interesting that you don't want to SHORT it until it gets back above 0.002. VFIN and BMAK seem to agree with you...BMAK at 0.0026 ask and VFIN at 0.05 ask! Hmmmm....
I never said you did or didn't, I simply made a reference to SHORTS and you replied...Hmmmm.
LEXG - While most SHORTS will continue to hammer the additional shares being issued for toxic debt, they won't point out that LEXG is paying off debt. I did see one very positive sign in the 10-Q...the shareholder deficit was reduced from $2,253,736 to only $265,631 over the 3 months ended 9/30/14. Regardless of how SHORTS try to spin it, that's value added back to ALL shareholders.
$LEXG - .0016 lowest price x .70 = .00112 convert price, so $314,286 at .00112/share = 280,612,500 shares, not 654,762,500 shares. I'm sure you want to make sure you accurately reflect your scare tactics!
$LEXG - Last trade was for 300 shares (54 cents!). MM's trying to signal each other to take the price down? Maybe they are trying to cover their shorts to let it run later. Let's see how desperate they are , or how weak the LONG's are to possible selling pressure. HOLDING TIGHT!
DOH, check that typo, should have been 1 trade for 46,800, not 468,000.
$LEXG - LODOGUY, just saw 12 consecutive trades go through at 3,900 shares each. Very strange...why do you think the MM's did that instead of 1 trade for 468,000 shares?
$LEXG - You could be "spot-on" about an INTERESTING day. First trade out the gate was for 500 shares, a MM signal to gap the price, which was followed shortly by a trade for 100 shares, a signal meaning a MM needs share. Hold on for the ride!
VFIN back on the ask. :(
LEXG - "I'm In Not Left Out" - LMAO It never ceases to amaze me at the slew of people who post incessant rants about why a company is a POS, and then claim their only agenda is to save others from making a bad investment decision. How righteous they must feel! Because we all know they couldn't possibly have a hidden agenda...no one is so greedy they would want to deceive others for personal gain, right? What a crock, or is it crook?