Lexaria Bioscience Corp (LEXX)

[Fallingknife75]

The Short numbers for LXRP are generally insignificant (26K currently).

http://otce.finra.org/ESI

The chart is in a steady consolidation for the last three months, it is being aggravated by the consistent Warrant Conversions taking place.

http://schrts.co/au8ZF6

I don't mind the Warrants since the company gets $$ upon their conversion therefore improving an already excellent balance sheet. The obvious downside is the additional shares hitting the market and providing downward pressure on the share price. There are a significant number of Warrants to be converted in the next year. None of the recent news (although good) from the company has been significant enough to reverse the current downtrend.

I still believe in the company and it's phenomenal potential although most of my $$ is on the sidelines waiting for the right catalyst or the chart reversal which will occur in time.

All the best,

Knife