Lexaria Bioscience Corp (LEXX)

[harlem111]

Received Email today from C Bunka about RS: Thanks for taking the time to write your note to us. Message received. However, we are going to be putting it to a vote and of course the shareholders will have the final say.

Our executive team has met with several dozen investment banking groups over the past year, primarily in New York, Boston, and Toronto. Roughly 90% of them cannot buy our stock in the market, nor provide us capital.

The reason? Because we are not listed on a US stock exchange. Most of their internal policies forbid investing in non stock exchange-listed companies. And that's a shame, because several of them have given strong indications of interest.

As well, if you've been a suffering shareholder for a long time, as I have, you know that we have from time to time issued dramatic good news, only to have the market yawn. Again, we've learned this is primarily because we are not on a stock exchange, most brokerage firms do not allow their clients to buy our stock.

We have to fix this: we have to give as many investors in America the chance to own our stock, and we are going to do so. We already have investment bank support lined up.

Finally, Lexaria needs more capital than its admittedly passionate retail investors have been able to provide, in order to achieve the sort of things we all want to see.

You are right that 90% of stock reverse splits are a failure. Those that succeed almost always do so in conjunction with an uplist or some other defining new event. This is what we plan to give to our shareholders.

Again, thanks for reaching out and I wish you every success.
Chris