Lexaria Bioscience Corp (LEXX)

[PotsandPans420]

On march 26 it was disclosed about the 500k shares. It was given to him yesterday hence the 8K.

It's your $ to sell or buy more but that was old news and I wouldn't be basing my decision on that.

People like to throw out the word dilution whenever shares are issued. Remember there is good dilution and bad dilution. If your improving your business and getting to next level I'm fine with that if your converting toxic debt or insiders are giving themselves free shares I would be very far away from that company.


Lexaria has 0 DEBT. $800K cash and a very low # of shares fully diluted 50 million shares and CEO owns 10 million. If the stock isn't above 25 cents by October I believe a lot of warrants are going to expire worthless and would reduce fully diluted share count.


Also they got back 500k shares of stock and cancelled them from the sale of their piece of MMPR JV with ENRT.


This trades such low volume just think if a few people wanted to buy 500k shares or 1 million shares. The float is so small this could triple very easily.