Resigned
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You know Guys & Girls, I have just red the comments re Gopherdat about an e mail, and am suspecting its the same one he's talking about !
I also note he claims only three people know his e mail address of which I am one !
However there is only one person on here whom has my e mail ??????
So who posted the "bogus" e mail originally and then deleted it ? You got it the same person !!!
Anyone else receive this ???
To all Investors,
* Please be advised we will be changing our company name from Lexington Bioscience to HEART SENTRY as of February 1st 2019. Our stock symbols LNB and LXGTF will remain the same until a change is approved for NASDQ listing.
* There should be no changes to your investment at this time although we can not guarantee that in the near future.
*We have held intensive discussions with various Universities over the last few months and have chosen the University of Florida to conduct the continuation of testing due to the unlimited Senior Citizen population.
*Testing is planned to commence March 1st 2019 with a proposed conclusion by August 2019.
Thereafter submitting our results to the FDA for approval and a speedy initial distribution to major US Healthcare Facilities shortly afterwards.
Thank You for your continued support.
Eric Willis
President Lexington Bioscience (Heart Sentry)
Gopherdat,
Assuming you're correct, there still has to be a Bid equivalent to an Ask or you wouldn't have the spread of +/- .015, which also shows M&M's are still active ! If the Ask was the overall sell price in theory the price would have continued to rise throughout the day rather than the fluctuations shown in the Graphs..
Have a good day..
Jamie,
I looked up his link and I responded to his post, but it was deleted !!!
Anyways the headquarters of the private company is in Toronto not Quebec, and they collect free information from around the exchanges and websites, then sell it to those whom are interested. In my opinion they are a Pump and Dump cowboy outfit who pray on the weak.
In other words to get any info about a company you have to subscribe and they will provide you the same information that is on the LXGTF / LBN website.
When you visit their site and type in LXGTF it will take you to the Bloomberg site which gives the same information as Lexington has posted on their website.
There was no information published by Minus 10 re his conversation because either,
A. He didn't want to pay for it.
B. There was no relevant conversation.
It was a bogus post with a link of no relevance, made just to make a noise. Besides as I have said numerous times any Information from 3rd parties that is not posted on LXGTF's own Website is fiction and if it was slightly true would be an Insider Trading Violation.
Have a good day.
Minus 10,
Don't be silly,
As I have already said no third party will have or be able to provide information about Lexington that the company themselves have not released to their investors or on their website. Inside Trading Rules prohibit it.
Nice thought but they can't and won't give you any information that is not released or available to the public or through the Lexington Web Site.
Insider Trading specifically states in part as :-
" In breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security."
And as the company is tight lipped at the moment, Silence can only point to a prosperous future yet to be released and beneficial to all.
2019 is going to be a good year ! And with any day of the remaining 362 days left, Lexington has lots of time to make good on their promises and launch of the Heart Sentry..
Injecting Paranoia !!! Or looking for a conspiracy theory to be proved by increasing your Blood Pressure !!!
OK can someone help out on this?
I was going over previous News Releases by Lexington, and the only place I found any mention of the Patent granted to LXGTF was on the Lexington wedpage, and that only states U.S. Patent No. 10,028,664 was issued for aspects of the device not the whole thing??
Not even a search on the US Patents Office records shows the Patent number disclosure of any thing re Lexington !!!
I would also like to correct the USC Berkeley comment to read, LAWRENCE BERKELY NATIONAL LABORATORY, Which according to Wikipedia:-
Lawrence Berkeley National Laboratory (LBNL), commonly referred to as Berkeley Lab, is a United States national laboratory that conducts scientific research on behalf of the United States Department of Energy (DOE).
Questions:
1, Why is DOE associated with the development and testing of the Medical Device Heart Sentry? Does it contain Nuclear components?
2. Is it coincidence that the Canadian Stock Symbol is LNB ? and Lawrence Berkeley National Laboratory is abbreviated to LBNL
3. Why does Lexington choose some of its activities only for its Vancouver operation yet all testing is carried out in the USA?
4. According to the FAQ page of Lexington's website it states :-
When will the final product be completed?
The clinical trial product is available now and is currently in use. We are targeting a 2019 launch with a fully commercial ready product.
(No word of who is the manufacturer or country of origin)
5. Males who suffer with ED have lower levels of Nitic Oxide in their Body !! So any simple Blood Test for low testosterone can also lead to a possible endothelial function problem requiring further testing ! However The HS will be needed for Women as Estrogen Levels are a totally different chemical and so far unrelated other than low Testosterone increases Estrogen !!!
(Perhaps there is a need for a transsexual study regarding Testosterone and Estrogen? And is it Natures way of inducing a Sex Change? After all all Fetuses are originally female !!!!)
So now I have you all confused and thinking OH Sh^^ did I buy a stock created for propaganda and making money from the unsuspecting wanna be Millionaires ?
The answer is no my friends, Lexington is for the long haul and the future, Keep your shares they will be worth a lot in the next few years,
Oh and according to Lexington (Read their webpages and FAQ's) they have other patents and products so it isn't a one time product !!!
This exercise has been a good solution for insomnia, (3 am) so its time to sleep on it..
Have a Great and Prosperous New Year..
Correction,
It was Rocco Rossi who resigned.
Re:- July AGM 2018.
Immediately following the AGM, Mr. Rocco Rossi tendered his resignation in order that he could allocate more time to his other endeavors. Company CEO, Mr. Eric Willis advises, “The Company would like to thank Mr. Rossi for his commitment to the Company and wishes him well.
I also see a lot of valid and intelligent question with no real answers.
I also spent a considerable amount of time reading past events and company news, and would suggest everyone read the Bio's of the present board.
I have read and reread them and am still asking the same questions.
The Board have between them a great deal of experience in many fields and many financial contacts. They appear to be active as paid members on many company Boards. Yet with all that experience at their finger tips they have admitted in the past of having financial problems keeping Lexington on track!
1. It is stated that the Heart Sentry is owned by USC Berkeley and only licensed to Lexington ??
2. Prior to the Heart Sentry being granted a US Patent it as quickly announced that Rosco had left to board and company to pursue other interests ? With 15 years of R&D and so near to the end, just what made him leave?
3. It was also published that one set of tests had been completed, and a second series would be conducted to verify the 1st test results? If the first were as good as published why do a verification ?
4. It was also published that by the end of December 2018 beginning of 2019 the HS would be submitted to the FDA for approval, which not being an invasive procedure would result in a short approval time?
5. It was later published that the FDA submission would be put back until April 2019. ( I have since found out that the approval time will be a minimum of 90 days, making the earliest granted approval to be late June early July 2019).
6.Over the past few month I have sent numerous e mails to MR Willis and as yet I am still waiting for a single response.
It seems the more you dig the more you're left in the dark.
So My guess is it was the Plumber in the bathroom with a pipe wrench !!
Ps : Gopherdat,
I read although listed as O/S the 8 million share were being held in reserve ?
It is very common amongst OTC stocks to change their name and to keep selling the same product. Some companies have done so 2 or 3 times in a short period of time, followed by reverse splits which has ended up forcing the company into bankruptcy or just closing the door. That's one of the big risks by investing in Penny Stocks.
Although its not quite the same scenario, if you look at the history of Lexington you can see another form of how a name change works..
No, Anyone who isn't a Professional Trader is one of those I listed..
" it WILL increase a physician's reimbursement amounts WITHOUT significant cost or training. "
I can understand you making that statement Gopherdat, especially as you are in the Insurance Industry.
However as I said not too long ago Insurance Companies are in business to make money! And their everyday practice is to slash the reimbursement amount to medical Professional and facilities.
And you have verified my statement with;
"It will save insurance companies money as well."
Minus 10,
If you don't see value in Facebook, Google and Apple then I guess you only play with pennies stocks !
When one of the big companies stock increases by the same Percentage as Lexington there is more money made than the meager amounts of LXGTF.
Example, Amazon who also doesn't pay a dividend increased 9.45 % today, which shows a dollar increase amount of $126.98 ps. Nothing to be sneezed at especially if you hold a few shares!! In retrospect if Lexington increased by 9.45 % each share would only increase by about 1 penny, which you would need to hold a huge amount to show and real profit if any..
The problem with percentages is you can play with them to prove any point but the real value is shown in Dollars and Cents.
"LEX has a ton of financial upside. It’s like the Field of Dreams. Build it and they will come."
Really LXGTF has only 38,000,000 shares outstanding, So pray tell where are all these investors going to come from?? If they issue more share the price will drop. The sudden increased number of shares will dilute the price and the markets will react accordingly. Generally a dilution of shares shows distrust and an unfavorable outlook. Which means even with FDA approval the share price will remain a sub penny until Lexington proves its self and even then it will take a considerable amount of time to generate at least a Dollar per share...
LXGTF is the only Penny stock I hold and I bought it because of the product and what it can do, But I still did research prior to laying down one red cent, All my other Stocks are spread out over NASDAQ and the NYSE and in the higher categories you have shown you despise and hold no value of them. I guess that's why my portfolio has steadily increased over the last 55 years. And even if you are right I will still increase my value purely because after selling enough shares to pay the initial purchase I will have a huge amount of Freebies eventually gaining value.
There are many terms, Residential, Retail, Private, Small investor and the list goes on..
I think everyone is misunderstanding what I'm saying,
So I will try again.
The Stock markets have lost vast amounts of money over the last couple of month, therefore the companies have also lost value ! When a company applies for credit or a loan they have to provide collateral, as their stock values are decreased and their overall balance sheet shows a depreciation, it is harder to gain financial help for equipment, modernization, expansions and increases in wages. In some case these companies are refused loans or have to pay higher interest rates which causes the life of the loan to be for a longer period of time.
For the markets to readjust and start climbing again WHICH CAN TAKE UP 2 TO 3 YEARS, even longer depending on the company in that time there are less companies IPO'ing and willing to launch a product that up to now few see as a profitable development.
I agree Lexington has spent 15 years developing the HS and that they don't have the finances to wait another 3 year, but I never said they would. But logic says they will find it harder to launch the HS in a down market and it will be harder and take longer for the share price to increase to a level everyone on here wants to see. The average residential investor panic sells, holding cash until a return to better returns. A buyer would prefer to invest in a company that has been in business and has a track record of dividends and increased value, Ask most everyday investors and they will tell you they prefer companies like Amazon, Facebook and Google etc (even though they don't pay a dividend). Regardless of how you look at it, Lexington is a Pennie Stock, something 99% of investors avoid. Therefore it will be harder for LXGTF to break into a successful and profitable position. And don't forget the F = Foreign which is another black mark against Lexington for the average investor.
I still believe the Heart Sentry is going to be a success, but as financials and the markets are at the moment it is not going to be an overnight success, Perhaps by March / April 2019 there will be a vast improvement in the markets, although with the political climate as it is there is a big question mark to how the economy and business will be at that time. Wishful thinking is fine and dandy and even better if it works out but as it looks at the moment whether to launch or not will depend on the Economy and what prospects the HS can produce for Lexington. Because of that I will not be surprised if the Launch of the Heart Sentry is postponed for a while, They want the HS to be a successful product and after 15 years of Research and Development a little longer will not hurt the outcome but a quick unplanned launch can destroy it...
Have a nice day..
PS.
Oh another way to stop your shares being borrowed by the shorts is ask your broker to issue you the physical share certificate.
Gophadat,
Yes the labs I worked in did put profit before investment of newer equipment.
I worked Mother Frances in Tyler, and they always insisted in using methods that had already proved themselves and were economic.
I can understand your position regarding insurance companies but you have to Remember it is the patient and their insurance companies that pay the bills !! I know you will probably disagree but insurance companies are profit motivated, and they will always try to reduce a medical professionals bill to a lower rate or disallow a procedure because it is untested in the field or unprofitable.
The HS will be finished testing prior to FDA approval, but testing to a release standard is not the same as testing to an acceptable everyday usage level. As can be seen in all law suits against Manufactures and Drug companies. The FDA approved only means it has passed a standard for use it takes years before an evaluation can be universally accepted in comparison to other methods and equipment already in use. And long establish methods take a long time to subside.
Example, Butterfly Needles used for a blood test have less risk to the tech and are easier to use rarely needing multiple sticks, than the old method of a Vacutainer or Syringe. But the Insurance Companies refused to pay for the Butterfly. Overall nothing will get done or used unless the Insurance companies accept it and pays for it with a substantial co pay for most.
I'm not saying anything detrimental about the HS, I think its a good piece of Gear and will be a winner. Hence long term doesn't mean overnight!
However you also miss the fact when the economy and markets are down and interest rates are rising, obtaining financing becomes harder. A company will often postpone buying new equipment regardless of price until interest rates are more favorable. And don't forget things like Ultra Sound Machines are on long term leases therefore a Medical Facility won't stop using it, because at the end of the day it still needs to be paid for over the length of the contract. They will continue to use the US, and slowly transfer the methods of testing as and when leases either run out or are cancelled. Of cause I can see it as I said of being part of everyday equipment for ALS and BLS responders.
Had the markets and economy continued to increase in value I would have agreed with you but not in the present situation...
Have a Great Christmas.
Doc,
Sorry I'm not trying to depress anyone, I was just looking at the way the markets have gone over the last month and today they are continuing the slide.
But look on the bright side you only loose when you sell, if you hold, it will eventually come back and pass your buy price.
I also don't foresee the PPS dropping to the low points of November, I said previously that I thought the hurdles would be .10 then .12 and .15 and we have played with those numbers over the last 2 weeks , So I only see an upward swing. But again it will all depend on the FDA approval and how Lexington see's the markets for a launch.
And just to make you feel good my portfolio across all my accounts are down $32000! But as I have advised others to do I am holding, because I believe it will rebound. Just as it did in 2008. Although they are comparing this to the 1930's and the great depression? Which also rebounded.
Have a Great Day,
Compliments of the Season to all, thinking positive for 2019 and beyond.
With the markets being hit hard at the moment I see a hold on IPO's and a possible delay on Lexington releasing the Heart Sentry.
For the HS to make a splash and increase share prices, Investors will need to see a future of potential profit.
But as ALL stocks have a question mark hanging over them.
That leaves Lexington in a tight decision making situation, do they launch as planned or will they postpone until the markets are more favorable? And waiting for a more favorable time could be another 2 to 3 years, especially if the recession hits as forecast.
Some of you may think the HS will be launched as planned, but remember companies will carry on using their old proven methods and equipment rather than buy new, even if the new is cheaper.
It could be the long haul is a little longer than we all thought ?
The markets may be scary for some, but Don't let your emotions control your trading, ask yourselves why you bought the stock??? In 99% of cases it was because you saw a company with a solid future with a great product and therefore the only answer is to bite the bullet and hold for the long term regardless of present political and economic situations. So I advise all to Hold until at least the stock matures to the price level you placed on it your selves. Regardless of press releases being absent I believe Lexington will generate what we all hope it will it because it will bounce back with avengeance and quicker than you think. Which means if you panic sell you loose..
Have a great day....
Gopherdat,
Re: TX Federal Judges ruling Obamacare is unconstitutional,
I realize that we are talking of at least 2019 and after Lexington's FDA approval, but being in the Insurance industry, (and TX) if the Judges ruling is adopted and Obamacare ceases to exist, how will it affect Lexington ?
Do you think the Heart Sentry will be more in demand or less ?
In my mind I see it would be more in demand giving an advantage over it's completion (US) which is so much more expensive. Also I see less people signing up for Health Insurance and the Medical profession preferring to use a reliable product at a cheaper price in order to profit and maintain a top level of care for a smaller number of Patients.
I know you are keen for Lexington to be either bought out or sell the Heart Sentry, But after 15 years of Research and Development, there is no way a company would sell out or sell the product, I doubt that they would even license another company to sell the HS. Although I can see them licensing a manufacturer to make the HS on their behalf.
I suggest you just contemplate Lexington is going to go solo and reap the rewards of their hard work. And although I foresee a sudden sell off when they get FDA approval, the money will be in holding for the long haul, You never know they may even pay a dividend and reinvested would increase your share holdings...
Glad to help,
BTW don't forget that there is probably an exchange rate plus fees ?
Have a good one..
Gopherdat,
I read somewhere you were interested in trading on the Canadian exchange ?
1. The Patriot Act stopped that being done so terrorists could not hide or launder moneys.
However this may help you?
( https://www.extraordinaryinvestor.com/canadian-stocks.html )
Quote,
The TSX seems like part of the USA exchanges to me because, in the past, I have traded mining stocks regularly from that exchange... But the TSX is a foreign exchange, so - for USA citizens - Canadian stocks trading must be conducted either:
by phone to a US broker that is registered to trade Canadian stocks.
online direct through a Canadian stocks access broker.
through a Canadian broker IF you have a current residence in Canada or a bank account with a Canadian institution.
If you are a US Citizen living in the US, but also a Canadian citizen, you are still not eligible to trade Canadian Stocks through a Canadian broker per the Securities Exchange Act of 1934. You must either live in Canada, have a current residence in Canada, or a bank account with a Canadian institution. That is it. Your citizenship is not a requirement.
For those who are getting worried about the share price and want to know how Market Makers manipulate the stock prices especially OTC, This is a good read.
https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/
Unless you have level 2 it will take up to 15 minutes to update.
On a mother note, I said previously that the 1st huddle was .10, although it has past that point it needs to stay there but as there is a buy order in for ,076 it will be in the air as to a closing price. Monday will be a sign of things to come, and as the FDA approval date gets closer the price will continue to fluctuate. Hopefully .10 will be the new lo and the next hurdle will be .12, the present share price is now positive for me but I will still stay for the long term and watch my investment grow...
It doesn't really answer your question however I would hope before they get the final approval they have a manufacturing facility in place and a working sales force. Because without those two factors the Share Price will be like other Pennie Stocks which are seemingly all mouth and trousers.
Although Lex has a product and so many Pinks don't, I think any movement prior to FDA approval will be purely a speculative move. After FDA approval, remains to be seen, although some on here have said the price could initially go up to about $7 with a possible drop after the launch.
I think everyone should hang in there and let the company and its stock stabilize, which could take a couple or three years, but during that time I foresee the share price averaging out at a constant level where it will collect equity and value..
See posts 11417 and 11421,
Also the reason APPL stock is down is because most of their supply's and Phones are made in China and at the moment are subject to Tariffs which has increased the price of a phone to unreachable levels for many would be Apple buyers.
And according to Bloomberg Samsung has taken a lot of sales that apple would normally have had. The problem is you can't buy Samsung stock in the USA.. .
As to Fitbits ? it has been mentioned previously but I personally don't see it happening, Lex have put 15 years in to research and development of the Heart Sentry, and logic say's they will see it through. Besides if they sell to someone, it makes sense to sell to a Medical Equipment Manufacturer rather than someone who is really classed as a sports equipment company.
According to Fidelity and Ameritrade there were no trades today,
The 54595 shares shown are the final total for Thursday 12 /06.
Todays
Bid 0.08 Ask 0.0846
???
It isn't a popular opinion it's a glorified advertisement.
Besides although it is non-invasive they would still need FDA approval not a ""Government Regulator"" So why isn't the FDA mentioned in the ad ??
I see this as an attempt by Apple to increase the sale of their watch rather than a real medical device. As to its acclaimed diagnostic achievements, according to the transcript it is only detecting a pulse there is no way it can detect an EKG or as the call it an ECG, If anyone on here has actually had an EKG you will remember and note all the connections and placement of the electrodes !
As to Apple themselves they have problems take a look at their share price it recently lost a 3rd of its value and has postponed it G5 phone until next year. Agreed other Tech stocks have also dropped, blaming the overall problems with the Trade War between the USA and China..
Lexington at this stage is in a far superior position over Apple when it come to Medical devices, and they will stay a head, unless Apple buys LEX which is highly unlikely. And don't forget, Apple, Google, Facebook, Twitter and Microsoft are working together to reinvent Healthcare, So would Apple really launch a product that in essence would infringe on a joint project between the group of Tech's trying to accomplish the same goals??
It doesn't matter whether you drive a Rolls Royce or a Yugo the combustion engine at sometime will break and die if they're not looked after!!!
The same with the human heart !! The difference is a Rolls Royce will generally out perform a Yugo, and the people driving a Rolls are much wealthier that the Yugo driver whom is living from pay check to pay check and often working 2 jobs plus probably receiving food stamps because the hard work they do doesn't provide enough to eat.
Neither the Poor, Unemployed or Needy are destitute they live and provide according to their situation. And as has been mentioned on here by one individual, they are properly dreaming of winning the lottery and driving a Roller. But until then they drive what they can afford getting exercise from riding a bike or going for a run because the gym and health club are out of reach.
So overall the poor, needy and unemployed are no different than everyone on here, you never know what is a round the next corner. You could go to work tomorrow and be given your marching orders. What would you do? In most cases your benefits are gone along with the salary you took for granted.
Now ask yourself if you had a Heart Attack or a Stroke what would you do ? Waiting for the Ambulance and then the trip to the ER is chiseling away at your Golden Hour, which will reduce your chances of surviving. Now if the Ambulance had a Heart Sentry on board, diagnosis would be faster and the ER would be advising the Crew and preparing for your arrival, in this case your chance of survival is elevated, A wealthy person who has regular checkups is guided towards what to do and what not to do to stay healthy. In comparison the poor, needy and unemployed are at a disadvantage due to unknown health issues.
So do you wait until something goes wrong with your vehicle or do you carry spare fuses and a fan belt with basic tools to get you out of trouble??
No one plans to be unemployed, No one plans to be in Need and no one plans to be poor, but when the remedies are available to help them, they should be helped remembering you could be next in line !!!
And again, I am retired but I sure would want an Ambulance with a Heart Sentry if I had a Heart Problem...
Everyone's life is precious and everyone should have the same opportunity to live their lives to the fullest regardless of their circumstances.
Quote ;- "So the poor, needy and uninsured can survive? Maybe they can run the country someday," End Quote "
We'll that says everything about you, and for the rest of this post I will treat you with the contempt you deserve .
The End
Like everything if you don't use it you loose it !!!
You didn't have to announce your failures !!!
The poor and needy will avoid Healthcare and Insurance in order to put food on the table and a roof over their heads. And because of that there are great numbers of people in need of instant diagnosis above and beyond the present level. If a Mandatory Issue for Emergency Services included the Heart Sentry, diagnosis would be achieved faster and cheaper than the present level.
In emergency medicine, the golden hour refers to the time period of one hour, or less, following a traumatic injury, or medical emergency providing treatment to prevent death. For each period of time exceeding the first hour the survival rate is decreased drastically.
Hence the poor, needy and uninsured would benefit from the Heart Sentries initial use more so than those in a Dr's office. And once an Ambulance has been dispatched, the ER is the next stop!!! So a prompt diagnosis at the scene would benefit all concerned.
And just to remind you, In the USA no one can be refused Emergency Medical Care in a ER or Trauma Centre , although after the initial treatment it leaves a lot to be desired and often goes to the way side due to cost.
https://www.utsouthwestern.edu/newsroom/articles/year-2017/uninsured-heart-attack.html
Also The Uninsured American population with Heart Disease and Stroke risk are estimated to be around 7.3 million who are far less likely, than their insured counterparts to receive appropriate and timely medical care.
So I guess your Darwinism attitude reflects your outlook towards whom you feel should receive care and those who shouldn't...
But then that's the way the legal profession looks at everything !!!
https://www.cdc.gov/heartdisease/heart_attack.htm
The Brachial Artery is the Artery closest to the surface of the skin where a non invasive device can regularly be used providing relatively constant results by measuring pressure. Hence the Upper Arm is the most frequently used location for taking BP.
The Heart Sentry measures BP, Pulse and Endothelium all in one. Taking that into account there is a foreseeable time when the HS will replace the present day equipment and devices such as a BP Cuff, Ultra Sound and possibly Blood Tests which amongst other things determine a persons Cholesterol levels which causes a narrowing of the Arteries and increases Blood Pressure leading to a Heart Attack or Stroke..
What has never been disclosed is that most Strokes and Heart Attacks can be avoided purely by a person changing their life Style. Not having a good balanced Diet, Exercising and refraining from Smoking are the top causes, however everyday Stress is also a major factor.
Looking at it overall the HS is a great invention, And will do the job it is designed to do... SAVE LIVES.
But I see a problem! Those who can't afford Health Care and the Needy will stay in the high risk category! Leaving diagnosis to the ER when a casualty is admitted, and their survival chances are reduced ?
Therefore because the Golden Hour is so important to survival the HS should be a standard PRIORITY issue to all ALS and BLS and Rescue Services, Even before being in everyday use at the Doctors office.
Lexington Announces Q3 2018 Financial Results and Non-Brokered Private Placement
November 29, 2018
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN VANCOUVER, British Columbia, Nov. 29, 2018 — Lexington Biosciences, Inc. (CSE: LNB) (OTCQB: LXGTF) (the “Company” or “Lexington”) announces the release of the Company’s Condensed Consolidated Interim Financial Statements and the Management’s
https://lexingtonbiosciences.com/news/
The Company also announces that it intends to sell, by way of a non-brokered private placement up to 7.5 million units of the Company (“Units”) at a price of $0.10 per Unit for gross proceeds of up to $750,000 (the “Offering”). Currently the Company has received an advance portion of these funds by the management team, Board of Directors and other insiders to be including in the financing.
Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant will be exercisable to buy one common share of the Company for a period of 36 months at a price of $0.15.
The Company intends to use the net proceeds of the Offering to advance the development of the Company’s HeartSentry measurement device, and for general working capital purposes. The Company may pay finder’s fees in connection with the Offering and it is anticipated that certain insiders of the Company will participate in the Offering.
The Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. All securities issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The cost of Up Listing to the NYSE is prohibitive for DRUS, even if they do a Reverse Split, And their history and financials won't be acceptable....
Also remember a stock needs to be above $5 before traders will even look at a stock, so perhaps delisting and re IPO'ing under yet another name will be his goal.
But he needs a product that will conquer the markets and generate profitable contracts... Which is something, that is not foreseeable in the next few years...
That is the same link that I posted,
Shorts only Borrow the shares. those shares were NOT sold, therefore they don't have to be bought back they are returned and the lender (broker) who gets a fee for the loan. The actual owner of the shares gets nothing and in most cases doesn't know his shares are being borrowed.
By locking your shares in at a set price you stop the shares from being borrowed. I guess the worst that can happen is the Share Price reaches you locked price and they get sold, but then you'd win anyway.
1. The information shown is an OTC requirement according to Rule:- 4560, And if they get paid by the click so be it. There info comes from the OTC..
Quote "Equity Short Interest
Archive
Browse archived text files for Equity Short Interest here
Retrieve instructions to download Equity Short Interest data via API here
FINRA Rule 4560 requires FINRA member firms to report their short positions in all over-the-counter (“OTC”) equity securities to FINRA. OTC equity short interest is available for view by issue, or by downloadable pipe-delimited text file containing all OTC equity securities reported with a short position. Data is available online for one rolling year based on the settlement date provided in the Short Interest Reporting Deadlines and archived data is available via download.
Please refer to the Short Interest Reporting Deadlines for the current reporting schedule. Additional information relating to short interest reporting can be found here." End Quote.
2. Quote " MMs often borrow shares very briefly as part of their job to quickly process orders during the day. Those aren't "Shorts". End Quote.
If everyone had locked in their shares then there would be no where to borrow shares from.
3. So who is selling at a loss ? M&M's make money on the Spread, And if
no one sells there is no trade ! Which basically means the bid and sell price would rise.