LX Ventures

Financials will be out November 28th. CEO is in Africa right now at a tech conference.

Warrant money has been coming already, about $400k worth in the last week, so this accounts for some of the selling pressure we are seeing. They now have over $1.8M in the bank and growing.

Looking at the pattern, anonymous selling is not pushing the price down so not trying to hurt the price here which is nice to see. Once this warrant related selling dries up, I expect us to move up. The heavy volume has been healthy for those with warrants to sell into. I think this artificial selling spells an opportunity to accumulate a position before this one really moves.

G.

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glorieux
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Welland
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10/23/2007
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LX Ventures
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MBO
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TSX-V
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Technology & Medical
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