Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

All was cited and the math was listed in that or other posts today. In the last 10-Q (available everywhere including the LEXG website) debt, derivative liability (that is the conversion shares - read the notes and research) and interest (also in the note descriptions in the 10-Q attachments) are $5.3MM and then look at the notes listed as issued between the quarter end and the filing for an even higher number. Read any of the purchase note agreements (Exhibits - like 10.97 in the same 10-Q) and see that these convert WITHIN a year to the lower of 1/2 the lowest stock price of the 20 days before conversion or $.0005 and that the notes have a 10% interest rate and 7.5% deal fee - all paid in future shares. This is where 15 billion shares (5.3*1.17/.0004 (half of .0008 share price)) comes from. If you never read those FACTS as written by Alex Walsh of LEXG himself when he has to present the truth to the SEC in the 10-Q you should not be investing in LEXG nor should you be telling others to do so. Or you can just ignore and say Go LEXG! That might also work.