Replies to post #24094 on Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

It is very unlikely the "New Investor Group" "bailed out" $2.3MM. The terms of the "Buy Out" are not given as these PRs by Alex Walsh are often very vague. It looks like someone bought JD Capital or bought the convertible security from them. Neither one would be dependent on "positive reinforcement of the 30% upside..." since the convertible securities return 117%+ per year even if LEXG stock is cut in half. This is due to the death spiral / reset feature in the convertibles. Thus in my opinion the news in meaningless PR fluff. When the 10-K hits in mid-October we should know the details / truth of this.