Seems our consolidation period is over as we started to move on volume just before 2pm and the momo did not stop till the close. This move saw us go from 27 cents to 32 cents, a gain of 18%.

I have kept doing DD on the company and specifically on Mike Edwards. In these high tech start up companies, it is about the people and can they deliver. I have been very impressed with Mike's history. He retired wealthy before the age of 40 which is impressive by itself. He came out of retirement to become a super angel investor and has invested in 45 different early stage tech companies that he scoured the earth for. These investments included:

Mr. Edwards co-founded Initio Group and co-founded AreaConnect, a localized search directory, which sold to Marchex in 2006 and provided a significant return to its shareholders. Over the last few years, Mr. Edwards has invested in more than 35 technology start-ups, including Punch'd, which sold to Google in July, 2011, Artsicle, Summify, which sold to Twitter in January, 2012, Hoseanna, LaunchRock and Rewardli, as well as Dave McClure's 500 Startups venture capital fund.

He then became Executive director at GrowLabs, an incubator and accelaretor platform out of Vancouver that helps start ups go to the next level. He brings this experience of angel investing in early tech start up investing and from GrowLabs to the next level by joining LXV back on November 15th 2012. The advisory board he has put together is fantastic:

LX Ventures Inc. has formed an advisory board and its first three members are David Baxby, co-chief executive officer of Virgin Group, Lance Tracey, co-founder and chairman of Peer 1 Networks, and Reza Kazemipour, chief executive officer of Oris4 and veteran Silicon Valley executive with several successful company exits.

The entire NR can be found here: http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LXV-2039129&symbol=LXV&region=C

Next they added: LX Ventures Inc. has made two new additions to its advisory board: Sheldon Inwentash, chairman and chief executive officer of Pinetree Capital, and Alison Lawton, a Canadian business executive and social venture philanthropist.

Sheldon Inwentash should be a well known name to resource players but his first love was high tech but when the bubble burst in 2000, he re-invented himself as a resource player. Sheldon is now returning to his first love with his role on the advisory commitee of LXV.

They acquired Mobio in May of this year and have built it up to what we have seen lately with some big names joining it. They also made investments in other early tech start ups like Sosido and Fodio.

These guys know what they are doing, have years of experience, have surrounded themselves with huge talent on the advisory board and are using their connetions, skills and money to accelerate these early tech plays. I am usually not a big fan of tech plays as they can come and go so quickly but these guys are doing right and investing here means you get to invest in many of the brightess tech start ups out there with great management behind them. I really like the potential here for a multibagger play and with Mobio launching on December 1st, they should have big momo over the next few weeks with the performance power to be a huge winner over the next few years. With the Twitter buzz in social media, the timing is right for this company with Mobio to capitalize.

Glorieux