Lexaria Bioscience Corp (LEXX)

[lanny9]

I agree Kgem, yes the R/S was voted on but to be used only if the SP isn't up where they need to be. I suspect they were counting on the Altria deal to help in this regard but I still firmly believe the deal falling through is best for the company long term.

I think you are right when you say a string of news before listing may be in the cards.

You are correct when you say that major exchanges want liquidity, so a R/S is conducted and then they do a major financing which then creates the dilution and liquidity that Nasdaq wants. It would really reduce the positions that the longs have in the company, but, this kind of move is typical. imo

I may take a hard look at how I play this. They will probably have a concerted push to get the SP up before doing the R/S which I may look at getting out at that time and then back in after the R/S or uplist. Not sure what I am going to do, need a little more forward statement from the company and how they are going to address this situation with uplisting.