Resigned
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LXG is being shorted, type in LXGTF in Search Bar...
http://otce.finra.org/ESI
The FINRA site has the actual short totals and updates it twice a month!
LXGTF as of 11/15/2018 40844 prior short was 35379 ...
Once again Minus 10 you are changing what was written to suit your own lack of comprehension...
DT's complete post was !!!!
Quote :- " If you have a ROTH IRA, you don't pay any tax."
If you convert to a Roth IRA you pay Income tax when you convert. And with a regular IRA when you reach 70 1/2 years of age you pay income tax on your withdrawal.
If you buy and sell stock through a brokerage account, you pay Capital Gains of 19% when you sell your investment prior to holding it for 1 year.
After 1 year there is no capital gains...
Nothing is Free, they get you any way they can, the Government is like a casino the ODDS are in the Houses favor...
After rereading the prior posts, I don't see where anyone has suggested a $2-50 sale price ???
And regarding 500,000 share, I never said at what price I would sell them for !!!
However I have said in the past, if you haven't held your shares for a year prior to selling you will have a 19% capital gains tax plus broker fees to pay, I also said it is doubtful that large numbers of shares / blocks would be sold in one transaction, so there will be multiple broker fees to pay .
And further to what I have said in the past, is that I sell enough shares to recoup my initial investment plus all fees, Leaving me with basically FREE shares to increase my portfolio and value, even if Lex sells the HS there is money to be made and if the don't sell which I don't think they will as the product gets more sales and becomes a standard in the medical field the share price will also increase and the rewards will still be very fruitful..
Lexington has stated that it will now be around April time before all data is submitted to the FDA, which in my case I will have a substantial amount of shares I will not have to pay Capital Gains on. That being said If the share price does reach $2-50 I will still come out on top with a lot of freebies in my portfolio
I also believe some on here has hoped the share price would rise to about $7 or more, so speculation is wide open on what will happen and I would appreciate people not trying to assume they know my account or what I will do for what price,,
Thank you
Have a great day
Minus 10
I rely don't care what you think, I posted factual statements as I have all my posts.
I guess because you call the Kettle Black, you can't accept anything someone else has done or achieved. Obviously you yourself are a low life with no purpose for existing and seeing as you question my share holdings I suspect you don't have any of Lexington's shares.. But hey thats speculation, which is quite often correct...
Oh and as for Lying go back a couple of posts and read and digest them, it was Jamie who accused you of being a liar while trying to say I had said it....
You have a big problem and you need to grow up, instead of insulting everyone... Oops I hear the school bell you best run along or you''ll be late for class...
Greenleaf, I am retired and doing very well but adding to my accounts will only benefit my offspring.
Thank..
I don't have all the answers however I do research instead of asking stupid questions and I do read links and articles related to the subject. Something 99% of people on here don't and they have admitted as such !
No takers???
So here's the answer !
A current bid and ask price more accurately reflects what price you can get in the marketplace right now, while the last price shows what price orders have filled at in the past there is no guarantee the same price will be Bid or Asked next time around, even within seconds of the last traded price. Sellers often look at a Bid price and decide what to offer as do Sellers deciding on a sales price.
However if you buy or sell at Market you will get the price asked for at the time the order is placed, ie a high buy price or a low sell price, that is why an order will fill quickly and a limit order can take all day or never be filled.
On the big boards the Spread is normally between 1 cent and 1.5 cents however on the OTC which has less regulations the spread will fluctuate to what the bidder and seller can get for a stock hence LEX has at times had a bigger spread. The perception that there are less shares for sale will demand a higher price is also a myth, because it will depend how desperate a seller wants to sell.
And lastly when you see a transaction of 50 to 100 shares changing hands for peanuts, it is an attempt to increase or decrease the overall price. And yes there are short sellers on Lex but as most traders don't recognize anything under $5 it often goes unseen...
Have a good day,
So why is the ask price lower than the last traded price ???
You must be related to Jammie !!
Send me some of Yours !!!
At least I have a horn to blow not a tongue that waffles with no sound effects !!!
On a separate I now averaged down to just above a break even point and hold 500,000 shares so I and am ceasing buying. Unless the Share Price drops to .02 or below which I doubt. So I will just sit back and wait for the fun to start. It will be nice to see a few dollar multiples next year....
I have also noticed some large orders waiting to be filled, which tells me there are more than M&M's playing the game ! And to think there are less than 38,000,000 shares in circulation, I won't be long before the move upward will start. As I said yesterday, I believe there will be resistance at .10 then .12 and .15 after that it can only go up...
Have a great day...….
I never said they wouldn't call you back, I said they wouldn't give out information !!!
And obviously I am correct or you would have posted it for all to read..
Interesting read for those who are interested !!
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039205
Bigphilly,
I new about Glenwood but never found the connection for PETRO BASIN EBERGY CORP. Or the Dutch association !
Why Lexington would be interested in Glenwood and a Petrochemical company is a little mystifying, I would have thought rather than the complications of taking over another company, it would have been easier to Establish themselves on their own within their own field ?
On a separate note, I think once Lex gets above .10 the next hurdle will be .12 and .15.
Have a great day..
The board prohibits Political discussion !!!
But the answer you ask is NO, and as regards being happy ? I am perfectly happy, I just don't accept everything that is published or said, I prefer to double check and ask questions making up my own mind on what evidence is presented and verified.
Just because I find problems with other comments or make an observation doesn't mean I am in anyway unreceptive. However as already stated in a previous post, there are too many repeats of silly questions, which leaves one to believe investment knowledge is not a strong suit with people on here.
Posters have even asked questions, and when provided the answers or links have openly admitted they don't read the material !!
As they say you can lead a horse to water but you can't make them drink !
If you want to tarnish me with a label feel fee,
Signed Frustrated !!
You are correct,
But unfortunately there are those on here who either have never heard of it or are too lazy to research. Hence why so many repeat stupid questions and comments.
Example being, phone or e-mail the company ???
As stated many times the company will not divulge anything to an individual, they will make a public disclosure when and where they deem fit... The last thing they want is to be accused of Insider trading and do a Martha Stewart !!
And to quote an old English saying :-
" If the cap fits where it "
I don't see the point of "trying to get a conversation going" when all the information is on the web and easily accessible...
Now if you want to start a conversation try guessing which country will be the first to use the HS, As testing has been carried out in the USA and will be approved by the FDA would give a favorable 1st to America. However the way the company has been favoring Canada with Warrants etc, perhaps Canada will be first...
There again it may even be Russia !!!
Partially true,
You can have buyers with orders waiting to be filled and you can have sellers with orders waiting to be sold.
Only after a sell and a buy at an agreed share price do you actually have a trade.. And even then that trade as people know may not be the amount of shares bid or ask but a partial amount of the total..
Seeing as my request was ignored I will respond...
Quote ; " But if there are more buys than sells "
How many times must it be posted
You can't have a BUY without a SELL !
Wow someone's touchy today, although not meaning the same thing Sensitive would be more Accurate !!!
Gopherdat,
I too have over 12 years of medical experience as a Lab Technician, and I assure you in the Lab Accuracy and Sensitivity aren't in the same ball park, as for Education I have a BS from Cardiff University, although gained over 50 years ago somethings never change.
Now let's not be picky we both know a 500 % sensitivity is nowhere near an accurate measurement. Ok the HS can detect quicker and it has a much more sensitive receptor than the ultra sound which depends on how good the operator is and their skill level.
So I guess we will just have to agree to disagree..
Besides the Medical profession kills more people every year than any other form method you choose to name..
Have a great week..
With all due respect Gopherdat, Accuracy and Sensitivity are two different measurements !
1. Accuracy = degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.
Sensitivity = Quality of reacting or being sensitive to an external stimulus, drug, allergen, electronics devise over a measured period of time.
Saying the Heart Sentry is 500 times more sensitive than the ultra sound is not a measurement of Accuracy nor is Accuracy a measurement of Sensitivity.
The sensitivity in this case is only stating the equipment is more sensitive to the test than the present ultra sound, mainly I imagine due to operator skill verses a programmed electrical test.. The Accuracy comes down to how many people have a confirmed Diagnoses requiring further treatments compared to the Ultra Sound method.
Regards,
Have a great day.
Gopherdad,
Where did you find the information?
Because no where have I seen such a claim, and even on here it doesn't give any measurable accuracy or improvement on the Ultra Sound method..
Have a great weekend..
I would hope the accuracy level is 100%, But as yet nothing has been published.
The company only states they have good results, however as this is not an invasive procedure the FDA may be more laxed than they are for Drugs.
Overall for the HS to be accepted by the medical profession it has to have speedy accurate results or it will fizzle before it gets off the ground. And as the present procedure is so expensive and time consuming relying on a human operator there shouldn't be much of a challenge for Heart Sentry to be the best on the market.
In for the long haul...
Have a great day.
What could kill the test result are the accepted levels of error,
For instance someone taking a Diabetic Blood Level reading with a meter can show up to 20 % differences between two tests within 30 seconds ! But that is acceptable to the FDA.
Another test done regularly at Home and Medical Facilities is a BP check,
Again there is an FDA acceptance error of 19% because each Red Blood cell has different levels of Oxygen which changes pressure between all cells. Plus a BP test will show a different level between arms and will also be different depending how soon a test is done after physical movement, Believe it or not the AMA say the best time to check a BP is 10 minutes after someone has been laying down motionless ! So how many of you are given the opportunity to relax for 10 min prior to having your Blood Pressure Checked during your Annual Physical?
There are also acceptable differences between temperature and where it is taken and the time of day.
There are different levels of Hearing and eye sight which can be affected according to age or after and accident or illness.
Overall there are too many acceptable levels for tests which lack accuracy and between people.. NO two people are alike and therefore any test is going to have discrepancies.
I truly hope HS is much more reliably and accurate than present FDA acceptable levels.
But I'm here for the long haul regardless of the out come..
Have a great day..
I would suggest to all whom have locked in the sale price to stop shorts borrowing, to check your expiry date and modify it accordingly. With Fidelity and Ameritrade a good until cancel order has a 6 month life span.
Have a good day...
Once again, LEX has publish their Q3 and although not what most want, it is honest and unlike most OTC company it was filed on time...
Lexington Provides Q3 Corporate Review
6:37 pm ET October 23, 2018 (Globe Newswire) Print
Lexington Biosciences, Inc. (CSE: LNB) (OTCQB: LXGTF) (the "Company" or "Lexington"), a development-stage medical device company, is pleased to review activities undertaken during Q3 of 2018.
Over the summer, the Company completed its first phase of clinical testing at Diablo Clinical Research. The results of the study validated safety protocols, provided the Company with critical information for product iteration, algorithm development, and clinical testing protocol refinement in preparation for the upcoming multi-center clinical study series.
During this same period, the Company commenced a brokered private placement offering in Canada that ultimately was unsuccessful due to prevailing market conditions. Currently, the Company has a non-brokered private placement open which is anticipated to close during Q4. As a result of investment market uncertainty, the Company has been operating in capital preservation mode, and as a result, the previously published timelines and strategic planning have been extended.
Currently, the Company is negotiating clinical contracts with multiple study sites in preparation for the commencement of its pivotal series of clinical studies.
Upon the successful conclusion of the upcoming financing round, the second phase of trial activities will be established almost immediately, and a new clinical timeline will be published.
To find out more about Lexington Biosciences, interested readers are invited to visit our website and view our video featuring principal HeartSentry inventor Dr. Jonathan Maltz, Ph.D., which provides an excellent overview of our business proposition and opportunity ahead
About Lexington Biosciences, Inc. (CSE: LNB / OTCQB: LXGTF)
77, You are correct again, I took a look at the sector ( http://www.profitquotes.com/medical-equipment-stocks/ )just now and it was in a downward spin.
There are a few with slight increases but most are down, with the exception of:-
http://www.profitquotes.com/cgi/?ticker=VAR&a=detailed
[url]
Now if nothing else this should make everyone happy knowing a stock can rise so much in one day while the rest of the sector is down...
God Luck
I hope you make the right decision, Because no one knows where the bottom will be and to try and buy back in could be disastrous !
You have to remember there are only 38,000,000 shares outstanding. Therefore in most cases those who buy the shares will intend to keep them. I for one am still buying, Averaging down as they say while increasing my holdings. And I don't intend to sell for a very, very long time..
Too many time investors have sold on a downward trend with the intention of buying back in only to find that the buy price is more expensive than the sale price they sold for.
Regardless of what you decide I wish you luck, but remember if Lex takes off as we all hope then the low price will be a thing of the past and profit will be a thing of the future as the share prices rise..
This is how I keep ahead, and I have briefly said it before..
When I buy a stock I will hold it until it shows a profit (about 22 1/2 % ) then sell just enough shares to get back my investment. I then invest that money in another stock or two and repeat the process, by doing this I still keep my original investment and my portfolio increases in value with in essence FREE Shares, which is even more profitable if the company issues a dividend which I reinvest in the company.
It all comes down to what your wishes are and how you choose a stock, research and time finding out about the company is the most important FREE asset you have. Make your own decisions by reading everything you can before you take the plunge, and remember there are a lot of get rich quick schemes for sale, where the only person who gets rich before going to jail is the tout...
And as I have also said before, only invest what you can afford to loose ! In my case all my previous buys have paid enough where if Lex were to fold (WHICH IT WON"T) I am still in profit, So my Lexington investment is not a worry..
Have a good day,
So much paranoia and panic !!
After 15 years do you really think they will throw the towel in ?
They have once again informed everyone what the present situation is and that their schedule due to unforeseen circumstances will be delayed.
Just count it as a blessing because the longer they take to acquire FDA approval and market the HS just makes it more fruitful to everyone. By the time the product is launched there is a good chance the majority of share holders will have escaped the 1 year period and will be void of the 19% capital Gains tax...
If it takes another two years before coming to market that's ok with me, I have said all alone, I'm in for the long haul and the long haul doesn't have an end..
If you are so worried perhaps you should sell at a loss and buy a CD!
I will be buying regardless of how low the share price falls, because in the end I am investing in a WINNER...
When over 300,000 shares were traded on Friday, and large multi thousands previously traded YES I DO.
And if you track back a little you will see there was a trade of .04 a couple months ago... So the 5 to 6 Cent range is not the end all of a downward trend before the uphill climb begins.
In order for Lexington to continue with their testing and prepare for the FDA approval, they are getting funds from somewhere, the question is where, You don't like the idea the exec's are selling so try the fact prior to starting and joining Lexington they all worked for other prestigious companies and universities, it could be they have a sizable private income or their wives and families do .
I don't see how you can say no body is buying as of 3pm today there has been 291,056 shares traded and for every share bought there is a sale !!!
As for the question about the Tests and News it takes time to compile and recheck the data prior to submitting the results in a way required by the FDA,
Lex posted long ago what their schedule was and up to know have kept to that forecast, we all know that by end of year early next year the FDA will either grant or deny the Heart Sentry. Be thankful it isn't and invasive procedure for a Drug, because that can take up to 10 years to be approved !!!
Faith and Patience is the key..
This is speculation on my part, However there seems to be a lot of shares traded recently that take the M&M theory out of the equation. It could very well be that the Executive Members of Lexington are selling their shares in order to progress with the trials in order to meet future FDA approval. Which could result in more shares being issued and the Board being allotted a bigger quantity in order to be reimbursed and a receive handsome profit for all there troubles.
I personally will just keep buying and let Lex and the HS take its course, I will either win or loose but that's the way it goes, It will be nice to see a good increase in price, but if it fails that's ok too, I haven't invested anything I can't afford to loose and neither should anyone else..
We'll that explains a lot, A good investor would read as much about a prospect and analyze it's potential before buying...
And although investing in the markets is a gamble (especially Pennies), it would appear your comments about the Lottery and comments about Lex are on a parallel level!
I have to ask in reply to the comment you made to emptypants, Do you actually read a post prior to replying and do you bother to read the links that give valued information.
For instance the link I posted regarding the trials this morning is different than the one on the Lex website that Eric discusses using a laptop.
I really don't care if you criticize me or not, but you need to either read before responding or disable your keyboard. There are too many posts of the same questions and comments which shows little regard to a prior post of potential future for Lexington...
Homework for all,
In one of Lexingtons publications it states that they have received the initial Heart Sentry equipment from the Manufacturer.. Who is that Manufacturer and where are they based??
Hey do me a favor and just ignore all my comments...
Now enjoy the remainder of the day, and think positive..
Everyone have a great weekend...
I imagine there will be more panic selling, before the FDA approval is granted.
And although January is a possibility I read somewhere March was the planned time frame although it has been stated late 2018 - early 2019.
I also advise everyone to hold longer, I know it's been stated by some on here the price will increase and then drop but I see it in the reverse. When the launch goes through there will be so much selling it will drive the price down.
Publicity and News will then increase the overall share price. and as I have advocated before if you sell enough to cover your initial purchase you will basically have free shares left to increase in value. plus remember if you hold your shares for less than 1 year you will pay 19% capital gains tax and you probably won't sell all your share in one trade! So there will be multiple fees imposed by your Brokerage.. Although some have said they don't care about the Tax, put it into perspective that's the equivalent of one fifth of your shares! which could result in a huge tax burden which for example would equate to a tax of $19000 on every $100,000
In the long term 2 to 3 years HS will be well rooted in the Medical field the price should be in the low teens if not a little higher and your capital gains will be ZERO...
Have a great day, Be Lucky
Here you go Bigphilly.
You may want to curl up with a drink, its a long read .
https://webfiles.thecse.com/Form2AListingStatementLexington.PDF
Good Luck be lucky have a great day
Correct,
And those shares are part of the Outstanding number of 38,000,000 plus the 4/5 million issued in reserve.
All those figures are in the (PDF) post I made re old information which also covered salaries and stock options coupled with the agreement with UC Berkeley and the time frame to bring the HS to market.
On another point last week there was a high volume of shares traded, where as this week it is very low in comparison, So in my mind whoever was selling last week has very little left or has sold out completely..
Now if any of you get cold feet let me know I'll buy your shares.
Jamie,
I didn't knock anyone down, all I said was he hadn't said anything others hadn't said many times in the past !
No doubt you will say I am knocking you with this comment,
I think you have a problem with comprehension, which is a surprise with your acclaimed profession..
I also remember you criticizing about my post re capital letters...
Kettle calling Black ….
Do everyone a favor and just post about LEX...
Have a good day..
Well so far over the last two days I have lost more with what you may call conventional stocks and ETF's than I have since owning LEX ! Its a little disheartening, but it will bounce back..
However if you look at LFGTF this week it has been in, Shall we say normal mode of fluctuation, which in comparison to the major exchange companies shows two things.
1. Although a Pennie stock LEXGTF is being controlled by the M&M as we suspected.
2. The prospects of our assumptions this company has no real problems regardless of previous comments and will prosper according to plan.
Oh and the other fly by night company mentioned a day or so ago, must have known about LEX's HS and there plans (as published) because the July launch of there product was IMO done to try and beat LEX and conquer the business. But as we have surmised they failed to achieve anything of a worthwhile design and remedy.
Its also interesting to note that on their website, they are desperate for Medical Equipment Sales Reps. So lets hope Lexington has that area mapped out with contenders waiting in the wings..
Be Lucky everyone have a great day..