Chemist - I'm in the same boat you are. I've lost a lot and am tired of the dilution. The way I look at it is, say I've lost $100K and have 5M shares now. That means I need $.02 per share to break even. If market capitalization goes up by $20M with 1B shares outstanding, the per share price will go up $.02. With most developing companies a PE ratio of 40 is reasonable, so if net income after taxes goes up by $500K, that should increase the market capitalization by the $20M. Now the big question is how does LEXG increase income to the $500K. My hope is that the UT comes out soon and starts making money. If it does the $5M to 10M that Alex mentioned at one time, we may be able to join the celebration in Vegas. (Note: If there are 2B shares outstanding the income would need to be $1M rather than $500K)
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