Lexico Resources International Inc.(fka LXXIQ)

[derickman]

The management are still in Court (Denver Court) still no resolution. Court Date set for Sept 11. This year,,, The founder of the Company, Lex Dalton, is the person that most of the Prosecution is pointed at for siphoning money from the company into His privately owned Company (Lexico Energy)... Also for selling more that 9million restricted shares,,, The Judge looks He may be on the take and the SEC looks like they may have filed this one as a low priority. The price of the Stock, LXXI, is down to .08 and if things can ever be sorted out and someone developes the Unitah Basin Properties which is an Asset of the Company. Even if the Company would further dilute the shares and issue another 50mm shares for financing the stock would still be worth 1.50 once the lands are exploted.. This is a long term hold.. at least a year...... I am buying as much as I can get at this price....