Lexaria Bioscience Corp (LEXX)

[Abundance88]

From the letter to shareholders Jan 24, 2024
"On January 19, 2024, we filed a Form S-8 Registration Statement with a reoffer prospectus (the "S8"), in order to effectively register the additional shares issuable under our Incentive Equity Plan (the "Plan") as approved by our shareholders on May 9, 2023 and to allow our insiders the ability to trade any shares currently issuable to them under the Plan. The filing of an S8 does not mean that insider selling is imminent! In fact, Lexaria has had a valid S8 in place since our listing on the Nasdaq and to date no insider has sold any shares pursuant to it. Every situation is unique, but as a rule, paying much heed to the "short and distort" community is not a smart way to manage your investments".