Replies to post #34148 on Lexaria Bioscience Corp (LEXX)

[Abundance88]

Last I heard they do have $ for studies into next year but don't have cash to start the Hypertension clinical trials so I would think by mid-October they'll need to raise $. Not sure about amounts tho. One big green flag I see is Invenomic Capital Management has been heavily accumulating shares and now owns almost 10% of the commons. IMO they aren't going to be letting this drop off the Nasdaq when they can just keep adding at a buck or as long for as long as someone keeps selling them shares. Hopefully you're right about pairing the IND with a raise in a positive way. Hopefully this is bottom.