Replies to post #24366 on Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

I believe they MAY get revenues and if it is not a total fraud it SHOULD get revenues but that doesn't mean that LEXG has any skills, assets, value, etc. I think it is possible for White Top to produce oil, sell it and have LEXG get royalty revenues. However, even if this happens it remains to be seen if this was better than investing the same $819,000 which cost them $1.6MM of stock with the downward conversion, and buying Exxon stock rather than this thing and then getting a 3.8% dividend or $31,122 in "revenues" per year. However I doubt Alex Walsh could have justified a $97,000 consulting fee if he just invested in stock.

As always though since LEXG finances at a cost of more than 100% interest per year (8 to 10% plus the 7.5% banking fee plus the cost of downward conversion at 50% - the 25% restructuring came at the cost of $800,000 of warrants), they shouldn't be investing in any of this.