Lithium Exploration Group Inc. (fka LEXG)

[Devo33]

IMHO, SonCav is to blame. LEXG had a business plan based on marketing the UCG in Canada. They bought property to test and show the tech to oil field prospects. SonCav is the developer. They fail to perform. They failed to get a working UCG to LEXG in a timely manner. LEXG ran out of money, had to sell assets to stop the drain and raise more money thereby diluting us again. SonCav is still testing. The UCG is not ready to market. LEXG had to choose. Repeat the past or do something to get cash coming it to keep the doors open until SonCav gets them a unit. The gamble payed off. There are modest funds to keep the doors open. Will SonCav ever get a UCG to LEXG? IDK. But, if they do, LEXG has an oil operation in Louisianna to showplace the tech to the oil world.