Replies to post #801 on Lithium Exploration Group Inc. (fka LEXG)

[Mikedacool4]

In my honest opionion its a BIG pump and dump, right now LEXG is in the later stages of the pump and the dump is going to come soon in my honest opinion.

what that means is its PPS is going up just based on hype, volume, and potentially false info not based off the acual company which of my knolege has virtuallly nothing to offer

move on to other companies with real worth IMHO. GLTA

[Dobie Lama]

Please explain - how can they have zero revenue when their stock is at $3.90? Where does that money go? I would think it would be used for production.

I kind of hate to ask the question for fear of being bashed for not knowing, but I am trying to learn. I am pretty new at this. Thanks.

The current stock price is based on speculation and greed. I buy at $1.50, betting I can sell it to you at $2.50. You buy at $2.50, hoping you can sell at $3.50. So far, so good. People have made money.

At some point, this scheme will collapse, as the company has no proven reserves, has conducted no drilling and has no compliant National Instrument on its alleged lithium reserves. You need to read the corporate filings to see that it is a shell. No assets, no revenues. Nada.

It is a momo play with a $3.2 mill budget. Those that have not sold when the music stops, will get burnt. Don't be one of those peeps.