That last post was actually the upside - I have no position long nor short. A friend bought into this on momentum when it was near the peak and it got me curious about the company. That last post was actually the upside - assuming the technology is real and somehow they are able to fund it - the upside is that they have the right to distribute Glottech machines in Canada (which is not a top lithium producing country) for non petroleum related mining. I dont know what that is worth but I dont think it is much - if it were they probably would have been able to finance with other than death spiral convertibles with look-backs which pose no risk to the lender assuming they can sell the converted stock at any price and less risk when, as LEXG did, the convertible terms are reset in the middle of the period in favor of the lender for no apparent reason. I guess you could also suppose that somehow Alex Walsh has the resources and knowledge to purchase a distressed energy E&P company and make a profit on it that is a "bonus" but I dont think anyone is buying LEXG for that.
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