Lithium Exploration Group Inc. (fka LEXG)

[lodoguy]

LEXG - technically all convertible debt must be converted which requires using an MM to issue the shares... the debt holders could be ultimately the buyer of the issued shares as well... typically its a good strategy for a convertible debt holder of a penny stock to convert... create dilution... buy the shares as issued... watch the price go down due to dilution... wait for the "news" and sale the shares after the "POP"...

The really big question is, and has always been, WHO IS BUYING THE LARGE AMOUNT OF SHARES ISSUED AND TRADED???

My guess: 1) lots of TRADERS who are currently "dumping" on the stock to buy inventory for the next ride up; 2) lots of SHORTS covering their recent "HUGE" profits on the decline in PPS; 3) debt holders post conversion to ride up the next "PUMP"; 4) probably Alex as he is no longer under any trading restrictions; 5) a few LONGS and ULTRALONGS reducing wtd avg PPS...

Lots of "dumping" talk at present indicates that #1 is a certainty and likely #2 is beginning to occur...

I bet Alex announces another 1 or 2 month debt conversion moratorium as of May 1st!!!

GO LEXG!!!