Lexaria Bioscience Corp (LEXX): Cash and Burn: They are raising cash si...

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Lexaria Bioscience Corp (LEXX)

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Re: harlem111 post# 33898

Monday, 09/12/2022 12:40:07 PM

Monday, September 12, 2022 12:40:07 PM

Cash and Burn:
They are raising cash since August 12 it seems, planning to sell shares worth about 1/3 of current mkt cap, which is insane (announcing 2 days after releasing a bullsh*t article where the FDA basically just said "okay we agree you should test this on 100 people."

They will continue to burn cash, then whenever they release something like this, they will raise again and dilute shortly after.

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Recent LEXX News

Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/06/2024 11:00:40 AM
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