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Thursday, 03/01/2018 10:33:16 AM

Thursday, March 01, 2018 10:33:16 AM

Post# of 25284
Latest White Top PR makes no sense as usual
"Our royalty associated with their development will be a huge step for LEXG because it has the potential to underwrite all of our expenses..." REALLY? You advanced them $819,000 last year for this royalty. Wouldn't have THAT been enough to pay your expenses through "SonCav commercialization" without taking on the risk of oil drilling - an industry you know nothing about? BS - no way there will be $819,000 of royalties in the next two (or 5) years - this property was SHOPPED and firms (operators or investment firms) that finance for much less (LEXG finances at 107%+ per year) would be able to have bought it much cheaper if it were really that profitable.

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