Lithium Exploration Group Inc. (fka LEXG)

[chemist72]

You ask several easily answered questions at the end of your post. I suggest you do some DD of your own and then come back and ask again.

It is true that being late with an SEC required report is not unusual for some companies. In general, this is NOT a good thing. It could indicate some problem with the company or their inability to pay accountant fees to do their financials. Also the SEC can take punitive actions against a company with a "long" history of late filings. However, this is not usually done unless the company has missed filings for more than a year. Time will tell what the situation is with LEXG.