Keeping it real... In 2006 I invested in, and did a terrific amount of research on ultrasonic cavatation to remove sulphur from heavy crude- a NASDAQ corp. "Sulphco". Their patented tech was more complicated, and more ambitious, with machines in Korea, UAE, and Singaphore...
Their stock was brutaly naked shorted (old rules), and they incurred huge legal expenses in two patent disputes lasting three weeks (they won both trials, at legal cost of 2mil). They ended bankrupt later on, and their IP was auctioned off to an undisclosed buyer (2013, BK ct decision).
If LEXG sticks to it's business model of cleaning water, lithium recovery, and upgrading of oil & gas waste (removing water), IMO it is a well thought business model. The generator is much simpler than the Sulphco efforts, and alot less ambitious (they were trying to make jet fuel grade; a mini-refinery).
IMO, in the Oil world, there is too much at stake for the industry to allow a disruptive new process into the club... unless it is theirs... so Sulphco was doomed from start, and they had endless R&D. LEXG solves some problems and poses no threat to Big Oil.
I like the LEXG business model as it is doable without too much complication.
Their generator can definately boil water. The waterless oil should have value back into the pipelines and trans-mix world. If they should get too involved in specialized oil upgrading, there could be delays in their core business model (unless they have several machines). I'll watch this close.
Cavitation and sonoluminesance have been much studied and there are lots of different styled patents- many from Russia too.
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