The 15 billion in dilution is not conjecture - it is fact within 9 months or so. The other stuff - oil royalties big enough to justify having issued almost 2 billion shares ($680,000 cost x 1.17 fees and interest / .0004 conversion price) to pay for them (which they did) is the conjecture and history has shown with their investments in lithium mines (closed without any lithium mining), waste disposal facilities (sold at a more than 50% loss after opening), the other oil well in PA (suing to get the partners to drill) and SonCav (going on for years, when the only prototype got lost it took weeks to find and months to fix, never released the test results they said months ago were coming in weeks), I would say conjecture on that is being generous.
There is no surprise there is a salt dome (most of LA is a salt dome) or oil. This was an existing site with existing partners in the same royalty agreement - those partners sold it in open auction and LEXG, despite financing costs of 117% per year for some reason paid more than oil companies financing at less than 5% or less per year which does not make any sense at all. The overhang is the news and if you read the PR closely it is not clear that this was found recently (i.e, prior to the bidding) by the "cavern storage" people who casually mentioned it to White Top who casually mentioned it to LEXG (does that sound normal)?
So the only one liner is "buy - get in - make money while you can" with no reason why it might be a good idea. If you think that the next PRs could drive the stock up in the short term then that might be right but it is pure conjecture. You might very well be right but I pity who ever buys the stock from you if and when you are able to flip it higher. I would not be foolish enough to guess what will happen day to day with buyers and sellers. I know what drives the convertible debt sellers. No idea what drives the buyers.
