Lexaria Bioscience Corp (LEXX): Their revenue from Vipova has not yet pi...

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Lexaria Bioscience Corp (LEXX)

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Re: phantom4 post# 8751

Wednesday, 05/13/2015 10:34:27 PM

Wednesday, May 13, 2015 10:34:27 PM

Their revenue from Vipova has not yet picked up. its not even in few hundred thousands. LXRP just has 51% ownership, so for it to earn 1 mil, Tea sales should exceed $2 mil.

Right now mcap is about 6 mil.
If we take just 6X of revenue, it is difficult to cross 0.20 until it goes beyond that. Rest all is hype.

Its a good stock to hold long term and wait for their sales to grow beyond 2 mil or for them to get license or sector news.

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