Replies to post #16561 on Lexaria Bioscience Corp (LEXX)

[HNB57]

How much more cash do we need ? I expected warrant holders to hold for much higher prices. We need to see some of the deals close and show revenue in a big way and then we move higher for good. Until then we churn through more of this bullshit.

[ProjectTurbo]

I just can't wait for the 14 and 22 cent ones to finish... those are the real darts to the PPS.

[Fallingknife75]

Section 12 of the last quarterly statement has the Warrant schedule.

A summary of warrants outstanding as of February 28, 2017 is presented below:

# of Warrants Weighted Average Contractual Life Average Weighted Remaining Exercise Price$

5,417,500 0.21 years 0.23
323,400 0.21 years 0.18
500,000 0.25 years 0.31
629,375 0.55 years 0.15
290,400 0.78 years 0.27
500,000 0.86 years 0.23
1,558,525 1.45 years 0.14
3,108,666 1.50 years 0.14
350,000 2.26 years 0.14
750,000 4.62 years 0.14
13,427,866 1.00 year(s) 0.19

Of particular note in the paragraphs above the schedule is:

3,245,000 additional warrants to purchase common shares with an exercise price of $0.23 per share, expiring on May 14, 2017. The fair value of these additional warrants was determined to be $298,777.

It seems reasonable to expect that these Warrants will be converted in the next few weeks as not to let them expire. The holder may or may not sell them once converted, it is their decision. I have been stockpiling cash from other positions and will gladly buy more shares if the stock gets pushed down further.

Buy-Hold-Retire before your old,

Knife

[Wesley1961]

I do not really understand this game, if the warrants are exercised this means good for a stock or bad for the stock?