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Welcome,
However you are not saying anything that others have not said.
77,
I understand and will do a bit more research.
In the mean time with ref to the lack of funds, on the website there are 5 Directors and who knows how many sleepers...
Perhaps they have all taken out a reverse mortgage ????
With regards to Bankruptcy it depends what the judge decrees and under what section they file, However I don't believe for a second they will file BK,, Not after the 15 years and patent with a near future FDA approval..
Be lucky
If you look at all the equipment require to use the Vendy II compared to the Heart Sentry, The HS is superior and appears to be much easier to use and completes the test in less time.. They call it a Disfunction rather than a Decease ? And if you spend time reading there Scientific Updates most of it is speculation or Plagiarism from other countries and Foreign Companies, Not one of the acclaimed published reports have been originated by Endothelix, Inc. or signed off by one of their Medical Professional / Scientist?
https://www.endothelix.com/physicians/vendys-ii
I also read the website for Endothelix,Inc. (Vendy II) and there is nothing prior to July 2018 ?? So where has this company been and what testing has been done and where ? They claim to have two offices one in Palo Alto CA and the other in Houston TX, But I was unable to find a Stock Symbol or any listing to an exchange ? Ok they could be a private company, If there product is as claimed why have they not IPO'd?
They also claim to be FDA approved, but nothing is posted to verify that claim ? At least with LEXINGTON you can see a history of accomplishments and plans for the future.
And there seems to be more related to diet especially Beer and Nuts amongst other things.
I really don't think you have anything to worry about, LEX will do fine, I will stay with them for the long term.
Besides the worst thing that can happen is for LEX to go bankrupt, but they would still have to settle with the Shareholders because the value is the Patented product and previous testing which would sell for a considerable amount should they have to liquidize.
Good Luck to all have a great day.
According to Ameritrade there are no Institutional Investors or Short Sellers..
" % Held by Institutions --
Short Interest -- "
As for is someone accumulating ? Yes I have been and I know of a few others on here who are cost averaging down. Probably not buying the amount of shares required to match the Volume but then there are others who do not participate in this forum, Oh and don't forget the volume of shares traded are the result of both LXGTF and LBN. Warrants have been issued to Canadian investors which will show when they are cashed in.
I still believe LEX is a good bet with a profitable future and a nice return to the investor. The Key is they have a Patented verifiable product in testing mode and compiling the results to submit the FDA for approval.
In comparison to other companies that just offer a service LEX is way out in front.
As I have said previously, When the HS comes to market and is approved the price per Share will rise, I will probably sell enough shares to cover my expenses up to date, leaving me with a nice portfolio of what in essence will be free shares, Because again although some speculate a drop in price after the initial launch, I think it will keep increasing and may in a year or two be worth a considerable amount with possible splits and perhaps a dividend ???
I assume they will do the equivalent of a product trade for a percentage of future sales. Thereby the company can proceed with the trials and remain in line for FDA approval.
A little like a store that contracts with a distributor and has a sale or return agreement.
I am not worried, many years ago I started my own company and to keep the wheels turning like many others I used a Credit Card, I survived to profitability increasing revenue and employees I sold the company 4 years ago for a nice sum. But again as I have said if you can't afford to loose the money you shouldn't be buying especially in Pennie Stocks.
Be lucky
77,
Not all trades are M&M's I bought 30,000 this morning although I doubt I will buy any more as my holding is considerable and although I like LEX and believe in the product and company, I don't want to buy it by purchasing all the outstanding shares.
As I have said before in order to get a buy you have to have a sale, therefore regardless of how many orders are in to buy they can only be bought if the sales match the number wanted. However it doesn't work the other way, you can have X amount of shares for sale and not sell them all!
It may be easier to see it this way IE:- if the price goes up there are more buyers than sellers if the price goes down there are more sellers than buyers.
3pm eastern the daily trades of Lex shares was 290,000 shares and with 1 hour to go it has to be a record or nearing one. I know there a lot on here wanting to buy but the question is who is selling and why? Also with that amount of shares I suspect the end of lowball prices is at the bottom or very near. I am thinking the price will gradually increase as more and more people buy in anticipation of the FDA approval.
Remember though Every time you see a change in stock price, IE if the price goes up there are more buyers than sellers if the price goes down there are more sellers than buyers. n
On another note, Lexington has 38,000,000 shares outstanding and 5/6,000,000 in reserve. As previously stated to increase prices they can do one of 3 things.
1. Let demand increase the price without issuing more shares.
2. Sell the rights or lease them to another company.
3. Do a Forward split and increase the amount of outstanding shares, which normally dilutes the stock price while increasing the total in circulation and for sale.
Have a great day, be lucky everyone..
I am still buying when the opportunity arises, which seems to be harder everyday. Which got me thinking about when we see an increase in the share price and the small number of shares for sale,and then in retrospect deciding of when to sell.
Also remembering that if we don't keep our purchases for at least a year there is the Capital Gains Tax of 19% and the transaction fees associated with buying the stock. Now if you are like me you bought as many shares as you could, however even though I have often suggested you lock up your shares to avoid short sellers borrowing your shares, the remaining question is at what price is reasonable in order to profit and clear your expense? That may sound an easy answer until you think as the share price rises so will the ability to sell large numbers of stock. If you have 25000 shares it is very unlikely you will sell them in one transaction, in fact it will probably take a number of attempts which will also result in a Broker fee for each sale. I think for everyone to cover their costs LEX needs to be trading at least $3-00 per share. But lets not forget you will have competition as everyone else will also be trying to sell.
As I said before, if you can manage to sell some of your shares to cover your expenses and keep the remainder for the future you will probably have a winner and a healthy Brokerage account / Bank balance.
Also look at it this way if you sell just enough shares to cover all your costs the remaining shares are freebies and there value is a gift...
Have a great day be lucky..
PS: Jamie, I could be wrong but I think the SP is not far off it lowest and now is the time to think about increasing your portfolio.
77,
That is a very well thought out post, congratulations I like your train of thought but I don't see a world wide release of HS, simply because LEX does not have a manufacturing facility and doesn't have a Sales Force in place.
Agreed licensing to bigger companies would provide those missing areas with a speedier distribution / sales network but it would still take a considerable amount of time to achieve a steady usage in Hospitals and other Medical facilities.
I guess cost would be the overriding factor determining how quickly it is implemented and adopted throughout the Medical Field. In comparison with the BP Cuff I don't envisage it being replaced by the HS in the near future, because the time taken to complete the HS test verses the BP check is at least 5 minutes. Yes I do think people over 45 / 50 will be HS'd at least once a year as part of their annual physical and as people are living longer it will be a choice for most.
Once again well done 77 keep up the good research and thinking.
Have a great day and be lucky..
Sorry Jamie, I don't know what happened??
Hopefully this is the correct link?
Be Lucky .
http://www.foxnews.com/health/2016/01/07/fitbit-being-sued-for-faulty-heart-rate-tracking.html
Jammie,
I know you like Fitbit, but there are other who would be equally qualified,
Have you read this article, Its wide spread I just chose FOX because it was at the top of News outlets reporting it.
Fitbit being sued for faulty heart rate tracking | Fox News
www.foxnews.com/health/2016/01/07/fitbit-being-sued-for-faulty-heart-rate-tracking.html
Have a great weekend.
Smithy90,
I found Lexington Bioscience by accident, and spent a considerable amount of time researching as much as I could to answer my questions before purchasing. I agree a Penny Stock is a Gamble and as with a Casino the odds are in the Houses favor. I will also say that most Penny Stocks do not have a verifiable product. But on my reading and asking questions I decided to purchase, and have added as the price has fallen. I hear you saying that's a foolish and loosing situation to be in. And again I would normally agree but I am not and will not invest more than I can afford to loose. However when you take into account that they have spent 15 year developing the HS through UC Berkeley, and are conducting verifiable testing with publications of ongoing results. And according to a resent post I made Lexington have an agreement (Contract) with UC Berkeley to follow a planned Schedule, Of which that schedule has up to now been adhered to, which we have all seen is moving along smoothly, I believe LXGTF is going to be a winner for all of us.
The only penny stock I have is LEX and I will add more, Yes I have a large holding compared to a lot of others and here is my reasons.
1.The Heart Sentry is by all accounts the easiest piece of equipment to use and the most accurate in comparison to other similar tests, it also gives immediate results.
1a. Even an ultra Sound result depends on the expertise of the technician, which quite often needs a back up MRI.
1b. Both the Ultra Sound and MRI are extremely expensive, And it is not unheard of for insurance companies to reject a procedure due to costs and the insurance plan the patient has. The HS will I believe be part of an annual Physical for all.
2. In comparison if you look at an EKG, it is given by a Tech and read for confirmation by a DR. The Heart Sentry I assume would be used in the same way. Cutting down time and costs leading to a speedier treatment program.
2a. Throughout the Medical Field costs are rising, DR's and Medical Facilities are always looking for an edge to help the patient while increasing profits. The Heart Sentry will create both of those objectives.
2b. Although the HS is to be launched in the USA, I believe it will be a Universal and valuable tool throughout the world. That will require many, many years of International sales which will include replacements and spare parts plus modifications through further development.
3. The HS has been compared to a Blood Pressure Cuff / Machine! Just think how many of those the average Medical / Hospital facility, has and replaces every year not to mention the private sector and the new digital monitors.
3a. As we has discussed before, OTC is not as regulated as the NYSE or NASDAQ, but it is easier to establish a following and issue of shares for investors then the pre mentioned. The prohibition of having an IPO on the other exchanges is the initial cost and the annual membership fees. Which a fledgling company like LXGTF (LBN) rarely has the ability to participate in.
3b. Although LEX doesn't have to Jump to another exchange it is possible as the products use and sales multiply, as will the stock price. But before being able to Jump they have to be trading in the $5 range and above. It is also my understanding that they have continually file the required financial, even though at the moment they have a zero balance sheet. Will they re-IPO, offer more shares available etc ? I haven't a clue and speculation will end in a dead end. We just have to wait and see. But at present they only have a total of +/- 43,000,000 shares outstanding (5 million in reserve) with that number even a small 50 cent rise will be a fair reward. However if it increases to the multiple Dollars as has been wishfully posted, then the rewards will be handsome and we will all have invested in a worthwhile profitable company.
And no I am not trying to persuade you or anyone else to buy or sell, but I do think you have a right to know why I bought and why I will hold for the long term.
Long term means over a year because I don't intend paying 19% tax...
Hope this helps you see my point of view wishing everyone luck and prosperity have a great weekend.
Gopherdat,
Are we likely to be notified that the FDA application has been filed or will we held in suspended animation and only being told its been approved?
I'm continually buying, but Knowing of the filing first would give everyone a chance to buy more before the expected price increase .
The problem with your theory is that if there is a split of 2 for 1 the present share price is halved, yes you would double your holdings but the value would be the same as before the split. Only when a share price increases would you see an increase in price.
You miss the point !!!!!
Requirements for listing on NASDAQ !!!
NASDAQ do not trade Pennie stocks, and most traders won't look at anything under $5. Which means your quoted pump is an unfair comparison !!! Although originally NASDAQ was called OTC.
It is also said that companies hide on the OTC to avoid regulations ? It is true the regulations on the OTC are more laxed and filings are not enforced. However LXGTF has done everything right, the only thing stopping them jumping to NASDAQ are Finances. Once the HS is launched they could choose to Jump or remain where they are. Practicality suggests they will have to move to get the investments and shareholders. But they could stay on the OTC forever!
And if LXGTF do jump the only difference to yours and everyone else's shares will be probably a substantial increase in price !!
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock. Any stock falling under $3 would very soon be delisted !
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
Although cheaper than NYSE the Membership fees are expensive and generally run into the millions to join with annual membership fees in the hundreds of thousands..
In case you missed it !!
https://lexingtonbiosciences.com/news/lexington-biosciences-digital-newsletter-v1/
If you have time this is an interesting read,
https://webfiles.thecse.com/Form2AListingStatementLexington.PDF
Although it starts towards the end of 2016 it includes forecasts up to 2021.
Page 22 and page 23 show a proposed schedule to HS being in operation as per the agreement with UC Berkeley Which is slightly different than the info posted on their website. !!!
This is a further proposal in the prospectus and pretty much as page 22 and 23.
Patents The Company is obliged to reimburse Berkeley Lab for all patent costs relating to the Licensed Products in the future as well as US$42,200 of patent costs incurred by Berkeley Lab prior to the Effective Date (the “Past Patent Costs”). As at September 30, 2016 the Company had paid US$21,100 of the Past Patents Costs with the remaining US$21,100 coming due on December 11, 2016. This amount was accrued in accounts payable and accrued liabilities on September 30, 2016 (see Note 4) and has subsequently been paid.
Performance Requirements Under the terms of the Agreement, the Company is contracted to achieve the following performance requirements:
· Raise a minimum of $1.25 million for further development of the Licensed Product by February 11, 2017.
· Complete an intellectual property evaluation of the of the Licensed Product and engage a FDA consulting firm to assist in the approval process of the Licensed Product by March 11, 2017.
· Complete a prototype construction of the Licensed Product by December 11, 2017.
· Complete clinical testing of the Licensed Product by June 11, 2018.
· Submit applications to the FDA for the necessary approvals required to market the Licensed Product by June 11, 2019.
· Begin marketing the Licensed Product by June 11, 2020.
· Commence selling the Licensed Product by December 11, 2020.
The Company and Berkeley Lab by mutual consent may amend or extend these performance requirements at the written request of the Company in response to legitimate business reasons.
Have a great day everyone….
Feel good about your investment !!
https://insiderfinancial.com/lexington-bioscien-otcmktslxgtf-venturing-into-fortune-500-territory
Gopherdat,
I've re-sent e mail ???
Gopherdat,
I'm not saying they are accurate articles, but I posted them to keep the conversation moving and it does in some ways answer previous questions.
Please feel free to contradict anything, you have as much to gain or lose as everyone else and there are always 2 or more sides to a discussion...
Have a great day...
PS, No need to reply, did you get the e mail I sent you ??
Jamie,
If this article is correct you and your friend and everyone else needs to wait before buying any more LEX.
Scroll down you'll find some interesting comments.
.https://stockinvest.us/technical-analysis/LXGTF
Actually I posted a while ago that there was a report out saying, Microsoft, Google Twitter. Facebook and Apple were talking about a joint Health Care operation in competition with Obama Care !!! I've heard nothing since but it may or may not be still on the table ???
But a Billion Dollars for Lexington,? A nice thought but not in the near future,
On the same line of your question, I also heard this morning That Pandora who started as a small Free (Radio) Music service, and went Public within the last 2 years is in negotiations to be bought by Sirius for 3.5 Billion.
So the possibilities are there but will it happen we'll have to wait and seek!!!
Have a great day everyone..
So the HS was developed at UC Berkeley (USA), all testing is done in the USA, 2 addresses for the company are in the USA, The company is seeking USA (FDA) Approval, The Patent is registered in the USA ? Their Consulting agency is in San Francisco USA, Eric Willis is a US Citizen and lives in the USA!
What is the significance of Toronto / Vancouver and why are so many warrants etc only for the Canadian's ? Plus is there a real benefit to having a Canadian Stock (LNB) ?
Gopherdat,
That's all very well, I also read the PDF and it said they planed on distribution and sales through large Pharmacy chains.
( https://lexingtonbiosciences.com/our-solution/markets ) But until it happens its is just wishful thinking and speculation..
Lexington, Do not as yet have a marketable product, They have no employees except the present board who appear to be working for free ! There needs to be a large influx of money to bring the HS to market and at the moment the revenue is Zero..
There are only +/- 38,000,000 shares outstanding, ( None are Class A ), Therefore the only way to gain financial stability and pay the bills will be to either borrow the funds or launch a new IPO. I favor the IPO, however that also has drawbacks, the financial institution backing the launch will with Lexington's CFO assess the costs to launch and agree on a reasonable and logical share price. There are many companies who have IPO'd and the price has dropped to less than half of the launch price and yes some have increased in price, which shows even an educated assessment and valuation tend to be inaccurate !
At the end of the day it will be the shareholders who will dictate the share price and the traders who will cause an increase or decrease in the price. It will also take a couple or three filings to show how well the company is doing and how profitable it is.
There are many more areas to assess before a final share price can be set, and as I have already said, at the moment with only +/- 38 million shares at .10 per share gives Lexington an overall value of $3,800,000.
And presently even Wall St puts a Zero valuation on Lex.
Now don't get me wrong, I believe in Lexington's HS and will / am holding long term, as I have also said re capital gains, you have to hold your shares from each purchase for 1 year or pay 19 % tax. which is near enough giving Uncle Sam a 1/5 of your holdings? Now if $5-00 plus comes in it may be worth selling a few shares to cover the original cost plus fees etc, which means the $2.6 Billion will be a nice reward. And as the article states, in a 4 year period the BP market rose 6.53 %. But that is the Blood Pressure market and doesn't include Heart Sentry.
Only time will tell, I hope you are correct and we can all get together an d celebrate at a shareholder meeting.
https://www.bloomberg.com/quote/LXGTF:US
I also find it interesting that a company who is not generating revenue has 3 postal addresses, located in California, Nevada, and Vancouver ???
Have a great day everyone... The clock is ticking toward prosperity !!!!
NOT TRUE, only after negotiations are complete will you know the value of your shares ! And it is common whereby a buying company issues their shares for the one being bought out. (And without a product LEX is not a company!)
Example, Microsoft buy LEX, Microsoft shares are trading in the 100 dollar range. So if you have 1000 shares of LEX you would get 1 share of MSFT.
Again you are trying to Speculate where there is no way to give an accurate answer...
There is no way to do as you ask, the only information is within the Lexington published financial reports.
At this present time trials are still on going and until they are completed and FDA approval is granted coupled with Wall St re IPO or third party company licensed by LEX or even buying the right to market if not a complete buy out, anything published by anyone other than the company is pure speculation.
As to a realistic present valuation, it is the value of the outstanding Stock and its present trading price.. IE;- +/- 38.000,000 X .10 = $3,800,000 but you try and buy the company for that figure !!!
Also remember that although the share price may go up when FDA approval is granted it will need to balance out and start selling to create revenue. I doubt for the first year a true value will be able to be obtained, but anyone can guess ….
Have a great day.
mluzer14 and jamie,
The only reason I could buy more of LEX is because I sold other stocks.
But there is an important point to remember, which I have mentioned previously.
If you don't keep your stock for at least a year from each buy, you will pay 19% Capital Gains Tax !!!! That may not seem much as a percentage, but to make it easier round it up to 20 % then convert it to a fraction and you have 1/5 of your sales price, which you have to pay Uncle Sam, not including fees. (Meaning depending on your broker fees you will get less than 80 cent out every Dollar). And if you had say 20000 shares that's a loss of 4000 shares !!! And remember it doesn't mean you will sell all 20000 at one time, Unlike a penny stock the increase to Dollars will mean less large buyers. So it could conceivably take up to 10 different trades for you to sell with each sale charging a broker fee.
Everyone would like the share price to go up, and it will but if you sell as soon as it rises you could end up loosing what you thought was a gain. Its a good product and it will take a while to be absorbed by the medical profession, but in the end it will be an everyday device with endless end users around the world.
Holding long may sound to be wrong but overall it will reward you which could help you pay for the little ones college !!!
Good Luck Ladies have a Great Day.
Jamie,
These may help to answer your questions, They are a Q & A from Lex's Website link attached to Bloomberg.
https://lexingtonbiosciences.com/investors/faq
As to your other post of Loading up, over the last 3 days I have doubled my stake at a price of .098 I am still a little in the red but have cost averaged down considerably. I believe (and am probably wrong) that the Share Price is not going to go much lower than it is today. As time gets closer to the launch I think it will slowly increase to the point by launch time we will all have recovered most of our losses...
Good Luck have a Great Day
Your very welcome Gopherdat,
What I am wondering is where the finances are coming from for salaries and everyday running costs ?
I know its possible that their other half's are paying the bills or their credit cards are reaching a limit. And as I speculated before the shares being traded could be their own. I also noticed on the Bloomberg charts there is a one time trade of .04 for a very low number of shares ?
On shares I was lucky enough to purchase a few more yesterday and today @.098 which is a great help for averaging down...
Have a great day everyone be safe and lucky..
Looking over Lex archives I found this interesting article, Most of it is what we know already, But if you click on the People page it gives some surprising information.. And yes it was on Bloomburg so word is out there amongst the big media outlets.
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=368135285
Gopherdat,
I received your PM, however I could not reply, is it possible for you to PM me an e mail address???
Thanks. talk soon
Have a great day...
Gopherdat,
With your experience in the medical field have you any idea how long it will take to get the HS into service once FDA approval is granted ?
I am assuming there will also need to be a large sales force and training period for would be buyers and users ?
Therefore in reality although approval will ? make the share price rise, isn't it more conceivable that it will stay stagnant until the HS is in full use ?
On another note I also use Ameritrade and understand your comments re purchases and GTC, I guess I had a brain fade !!!
I have placed some more orders and hopefully the will fill, although as you quite rightly say, partial orders after the close require a new fee. But I look at that as a small price to pay for what I believe will be a hansom reward...
Good Luck, have a great day..
Have you tied placing a buy order at your required price opened until good ?
I see a lot of people chasing a stock, because they're scared they will loose out. But if you set your price you stand a good chance of getting it maybe not immediately but GTC Buys, like Sells are open for about 90 days.! Ok the stock price will drop and everyone's holdings will be less value, but as everyone is holding for the FDA approval and believe it will explode what is the harm in a little down draft, After all we have seen a big drop in our holdings and are not deterred by what is happening, disappointed yes but not deterred from holding long.
PS, McDonald sounds good !!!
What is the point of wasting money on advertising prior to and so distant from the FDA approval ? Lex doesn't have huge amount to spend on unnecessary advertising and incidentals. Also to keep pestering the company at this stage is a futile act, they won't tell you anything that can be counted as insider trading, or anything that could jeopardies their future plans, Just sit back an wait, it will all be worth it in the end.
PS:- Posting another companies stock and symbol on here is against the rules, yes I did it but mine was a defunct and bankrupt company no longer trading and I did it as an example of how companies manipulate and rip off investors.
Sorry Gopher, Not meaning to step on your shoes, but I received disciplinary action for what this poster seems to get away with !!!!
You may very well be correct on that,
As far as I can tell the M&M's only sell and buy small amounts up to maybe 1000 shares. last week I bought 30,000 shares in 3 batches.
1 of 15,000 shares.
1 of 8,000 shares.
1 of 7,000 shares.
Although M&M's would make a little with the spread between Bid and Ask all my purchases were at a low bid price ! So M&M's wouldn't have made much if anything on my transactions. Plus we must not forget that even the OTC board is automated !..
I would also like to clarify something that is widely forgotten and has stood out on a couple of posts recently.
FOR EVERY SALE THERE IS A BUY. meaning you can't have one without the other. So when someone posts there is a lot of sales they are failing to see that for the sales to be completed there has to be an equal number of Buy's for the same number of shares, which could be either one or multiple buys depending on the amount of share up for sale.
PS, Last week I posted I thought there were more shares traded on the LBN than on LXGTF, I still hold that thought, and wonder if the board isn't selling some of their own shares in order to pay themselves some sort of salary ???
Good for you Jonny,
I'm still wondering who is selling, With the prospects of a hansom profit in the near future and so many shares up for sale, it doesn't make sense?
We know there are only +/- 38,000,000 outstanding and no Institutional investors. Perhaps its just people with cold feet and fear running through their veins. Who ever it is they must have lost a lot of $$..
Your forgiven re the type, you explained it no need to rehash or open old wounds....
Have a great weekend everyone...
I have bought another 30,000 shares this week, and although I am still in the red I have cost averaged down to a good level. Whereby my returns will be achieved sooner than my prior estimates.
I have all my share locked into stop shorts borrowing them !! And will sell at my required price while keeping some for a future price increase. When you lock in there is no need to put an unrealistic price of say $50 per share, even just $5 will achieve the same result. Just keep an eye on the price and adjust accordingly.
I also read this week that someone asked a question about share price and point of sale.
I will answer it the same way as I have before, It is an individual choice, You decided to buy at a price you thought good and you sell according to your required price. Its important to make your own decisions based on your investment needs and plans. You must not be swayed by others telling you when and at what price to sell. Admittedly listening and reading what others think is part of your due diligence but it should in no way dictate how you trade your investments.
Also as I previously posted, there are a lot of investors who will sell their shares when they are at a minimum of 22 1/2 % profitable including fees. But that 22 1/2 % will also make a difference according the number of shares you wish to sell and at what price including fees you purchased your stock !
Although percentages are used widely in many things it must be remembered that you can play with Percentages in any way you want and come up with different answers, In my own case I prefer to use whole number gains in order to see a realistic profit or loss.
Just remember if you sell your shares at a profit prior to holding them less the 1 year, you will have capital gains to pay which is about 19% of you total sales price less fees.
Good luck to all have a great week end, January will soon be here !!!
The Website states the HS is compared to present Ultra Sound and the history of the candidates being tested.
Overall HS tests show a accurate compatible equivalency to the Ultra Sound and is completed faster and at a less expensive cost.
I'm sure US takes different times depending on what is being looked for, the last one I had took 30 mins, The HS can do the test within 5 mins which is a good production advantage any Time and Motion study would favor.
You also have to remember the 15 years of research and development has pushed it a long eliminating many unanswered questions and providing reliable results...
Hang in there Jamie, you'll be able to celebrate soon enough...
Have a great Day Everyone
Labor day is only a US Celebrated Holiday all other markets were open for business ! So I found it interesting that LNB showed no trades for Monday !
Also according to the LNB site, the last time anyone shorted the stock was in back in 2017 or there a bout's..
So now something to ponder is Lexington stock being traded in the US only ? Or both Canada and the US ?
I again advice those who have not logged a sale price to do so, So if and when Shots try to borrow Shares yours are not used..
The only plausible reason the Stock Price is going down, is someone plans buying up a huge amount of Shares prior to the FDA approval, and making a killing when the price increase..
Goph, I have searched through and through and I can't find what I quoted, So I apologies for posting wrong info and if you could delete the post I would appreciate it.
I do have a question, perhaps you could answer.
Do you or does anyone else find it strange that LEX want to keep all its financial affairs like borrowing and issuing warrants etc within Canada and only for Canadians to benefit ?
Yet they seem to be focusing on The US for testing and a US Patent to bring HS to market ? Surely anywhere the product is sold must complete its own evaluations to approve or disapprove of the results?
Have a great day.