Tuesday, July 31, 2018 1:13:38 AM
My experience tells me LXGTF have announced they have just over 41,000,000 shares, and I am still waiting for someone to tell me how they will gain Institutional Investors and a Price Increase with that amount of shares? Remembering they are a Penny Stock on the Pinks !
Simple answer, Its impossible! They have to increase the number of shares to obtain a valued valuation for investors to participate and that mean any increase in shares will create a dilution of present shares and price.
Ok they could sell out to someone else, but that doesn't mean present shareholders will benefit. The new company taking over the product decides what present shareholders will gain if anything. And if LEX doesn't insist on present shareholder being rewarded the new company can say goodbye end of story. Also lets assume the new company shares are valued at $10 per share, the price of LEX today is +/- .18, that means you would need 55.5 LXGTF to 1 (ONE) of the new companies shares on a swap trade, which means you loose, not forgetting the swap would be less and in the new companies favor !!!!
In my opinion present shareholders have added very little to the company other than give it a platform for helping the product to fruition. The obvious next step is to re IPO or sell out, in either case at the end of the day its your choice how long you hold. And no I don't suggest you sell now, I still say have your own exit plan. And regardless of what you think I believe in the product or I wouldn't be here, my exit plan is already implemented and I can change it anytime with a couple of clicks..
I will continuing to ask questions an post accordingly, if you choose to ignore me that is your choice, at the end of the day I hope you all choose wisely
Have a Great Day...
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