Lexaria Bioscience Corp (LEXX)

[PotsandPans420]

Problem with the 4.8m os number is its not including the warrants. The price on them is so low it needs to be factored in. So 4.8 + warrants = 6,658,619
also we have
+ we have 439,095 previous warrants
+ 170,267 stock options.



So 7,267,981


Underwriters have option to buy more shares for 30 days in the deal too (159,999 shares and 159,999 warrants).


So just to compare we were right around 100m pre spit and now we are 218m.

I don't understand why he felt the need to raise so much money (they only needed $5m on balance sheet for nasdaq) at these levels and dilute all the shareholders who were loyal.


and yea I know his position gets diluted too. He also gets $350k per year salary has the clause if he sells a subsidiary he gets a % and he can issue more stock options to recoup his paper loss.