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clock Created with Sketch. 13/08/20
01:21
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Originally posted by Elixxerman:
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Hello from Canada!! I created this account to let you all know that Elixxer's selling has NOTHING to do with LGP as a company, or anything to do with it's performance/results. I was invested in ELXR for 2 years, and trust me, LGP was the only thing we had to look forward too and spoke extremely highly of. ELXR has been in a nasty death spiral for years and it finally caught up with them. Last year end financials revealed the company was 50 million$ in dept, only making 1.4 mill (ish) in revenue, they had 900k in cash (all long since gone) owe 3+million per year just in loan interest, and just paid off a 12 million us$ dept with 1 billion shares of dilution. The stock price went from 10c. To 1.c in 1 year. They now have to sell assets to get more cash (hence selling) I myself took a 14k loss in my ELXR position and am here to reasure you all, LGP was the one thing we were all proud of, and the only reason we stuck around so long. It all just took too long and elixxer ran out of time. You're in great hands with LGP trust me. GLTA!!
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what a desperate ploy by LGP to have someone create this account, laughable. if they really had the support of the major shareholder it would be said in an announcement to the market, not pasted on a msg board lol
