Lexaria Bioscience Corp (LEXX)

[Abundance88]

LEXX needs more money for clinical trials whether they do a RS or not so there will be dilution either way. If there is dilution at a buck then the price will drop to below a buck accordingly. It makes more sense to do an RS to at least stay in compliance. Say we get diluted to $0.50 because of a raise. Isn't it better to be still above the buck compliance with say a 6:1 to put us at $3 bucks and give us some breathing room? That makes sense to me even though the dilution sucks.
I do get the feeling though that Bunka and the bigger holders will force the RS through anyway.