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chemist72

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chemist72

Re: SaturnBull post# 24442

Friday, 10/20/2017 10:13:39 AM

Friday, October 20, 2017 10:13:39 AM

Post# of 25284
Its called paying off your debt by issuing shares to debt holders. The debt holders receive shares at a 50% discount to the current market price. They can then turn around and sell those shares to the market for a 100% gain (approximately) on the monies they lent to LEXG a year ago.

I will try to keep the board updated on upcoming dues dates for their Promissory Notes although its easy to find this info in their last 10-K report.
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