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chemist72

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chemist72

Re: coldengineer post# 6853

Thursday, 04/10/2014 2:21:55 PM

Thursday, April 10, 2014 2:21:55 PM

Post# of 25284
If I believe your revenue math -

then LEXG will be able to recognize about $700K in revenue for Q1. So for a whole year we can assume minimum revenues of about $2.8M. Not sure what their annual expenses are, but it looks to me like LEXG could be PROFITABLE this year. Even if earnings are only 1 cent/share, this would justify a stock price of $.15-.20/ share.

This would provide an excellent base going into 2015. - jmo
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