Replies to post #24362 on Lithium Exploration Group Inc. (fka LEXG)

[chemist72]

Looks like the financial situation with LEXG is even worse than I thought.

Of course AW will continue to pump LEXG with forward looking, great sounding PR's, but nothing resembling a stream of revenues will result.

Also, as I noted in a previous post, promissory notes that were issued in late 2016 and early 2017 will be maturing in Oct. 2017 through March 2018. Billions of shares will need to be issued to these debt holders. (This does not even include any of the new debt disclosed in this recent 10-K).

All in all, LEXG remains an extremely risky investment. Imho, anyone who buys LEXG for other than a short-term bounce will end up very sorry for their decision.

I have other words for these types of schemes/shenanigans, but I am trying to keep this post G-rated. - lmao