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.
Gopherdad,
I fully understand your comments and overall agree, however Lexington is a Penny Stock and the rules are much more relaxed than on the big boards.
There are many Penny / Pinks who have let their stock price drop to .0001 and then declared bankruptcy !! PMDP (Canadian Mines and Minerals) was one of many who did exactly that, on filing bankruptcy it showed in court that the executives of the company had towards the end paid themselves huge bonuses and large expenses that could not be recovered. The company closed its doors legally without paying anything to its shareholders !! Other things that will indicate this type of move is a company name change !
I am not saying Lex will give it to US, but it is possible. And all I did was post a possibility, due to the fact the share prices keeps dropping and management seem to be issuing warrants to raise cash. As for bailing, there is no chance of that, I may put a sell order in for a few at a lower price so my original cost will be covered, If I do then the remaining shares would be freebies ....
And to answer someone else, I have been in on Lexington for a long time, I believe in the product and trust it will be successful, However I do not think a large Tech Company like Amazon, Fitbit, Google, Microsoft etc will be a good match It would be like a Real Estate Company trying to market McDonalds, nor will Lex accept any of their bids. Remember Google, Facebook, Instagram and a few others have already stated they are working jointly on developing a Healthcare System for all !!!
Seriously In order for a third Party company to Assist Lexington (Note Word Assist) It needs to be a big player already in Healthcare and Scientific Instrumentation. Boston Scientific in my opinion would be a good match but there are others.
As to the post saying that the patient / ownership of the HS can't be split from the company,, that is not true any company can by a unanimous vote of the Board:- Sell / Transfer/ Lend / Borrow Against any of its products as a company or to individual Board Members. Please remember as Gopherdad has correctly stated, Lex has only issued ordinary Shares, there is no record of class A shares or a dividend in any of the companies publications. Plus the very fact that only 38,000,000 shares have been released raises questions only the company can answer !
And to answer the other question on selling, obviously the price you sell at is your own decision, However I advice you to be realistic. If you believe as I and others do that LEXINGTON will be a hit, then I would suggest you think about placing a Good until Cancelled Order for around 3 to 5 dollars. Which you can do now by changing your previous sell price to stop shorty's. A good until cancel order is inforce for about 3 months so you will have to resubmit it as time goes on So long as you have a sell order no one can borrow you stock !! Which again mean those stocks being traded at present have not been placed with a sell order ???
And as I have already said, when you sell don't sell all your shares just sell enough to cover your initial purchases the rest of your shares will be freebies and will hopefully increase over time ( but who cares they are freebies !!, And remember you must keep a stock for over 1 year to avoid paying capital gains !!!
I hope everyone has a great and safe Labor day Holiday.. Good Luck to all..
Gopher and everyone,
I am still roaming around enjoying retirement as I hope you all do.
During my travels I get time to think of different scenarios, and after I wrote my last post to which Gopher replied with a response of reality and facts. My mind wandered to what if??
Previously it has been suggested that the HS would be sold to another company like Fitbit. And yes it could happen there are many suitable profitable companies that would make the HS a product of the century.
Now we have all seen the share price drop and the issuing of warrants which depletes our hopes and wishes of making a little investment pay off handsomely !!!
It has also been stated by a few that if HS is sold shareholders would gain a nice reward ? However that is not 100 % true.
Scenario !
Company buys HS outright ! Lexington pays its board a good profit for their 15 years ! And shuts up shop... They would legally be able to stop trading without paying shareholders anything for their loyalty.
That leaves everyone here at a loss and without their dream of an investment maturity... And what's more is the drop in Share Price with little intervention by the Board. Could easily result in the above !!!
Taking into account there is no increase in Outstanding Shares, What if anything does LXGTF have as a future and what do the investors have to gain ?????
Hey Gopher,
I'm not quite as much in the red as you, (I'm 49.2 % in the red) But at the end of the day that down will turn around and we'll all be celebrating... .
What worries me are the following,
1. Without a broker, issuing shares on the HS launch is going to be a gamble and more likely a disaster. Lex have to get another or more Brokers asap.
2. This latest warrant declaration is again only for the Canadian market, yet in reality the product is going to be utilized by a majority US Medical facilities ! Which shows neglect to the US shareholders and future medical facilities.
3. There was a report of a resent interest free loan, now its published these new warrants are to be used for the same things, It looks to me as though Lex is going to have to issues more warrants or seek other funding in the near future in order to keep them in business to the product launch. Which raises a separate set of questions.
4. As OSS are still only +/- 43,000,000 the amount of transactions is ridiculous, I have never before heard of shorting a penny stock, but it would seem that is what is actually happening ? As to the price of shares and the way it have dropped also looks to me as it is done on the Canadian exchange ???
I expect the share price to go further into the single digits before end of year, but I'll be here for the run upwards...
Good luck to all...
Share price is immaterial the fees associated with being a NYSE member start at around $250,000 per year and can go up to the millions depending on the stock and the company. So far DRUS has shown a lack of funds and will need to increase their bank balance before even thinking of a move upwards.
There are many large companies trading on the OTC because its easier and cheaper with less restrictions, For DRUS to move exchanges doesn't really make sense at this present time. Perhaps if they obtain more contracts it will be worth it, but if they try now under the present financial climate they will be doomed..
I think this is a hold for the distant future, the popularity of Drones is growing and they are no longer a Childs toy, technology gets better every day as will the Drone capabilities..
Oh and don't forget there are Nano Drones in use for internal medical scans and Spy Drones which are much smaller and resemble Bees and Flies etc...
Have a great day..
I think one of the biggest things people are forgetting is LEX is a Canadian Company !!! Its main trading platform is on the Toronto exchange which is the 3rd largest Stock Exchange in North America. The only reason Americans can buy the LEGTF Stock without paying exchange rates, is because it is also traded on the OTC board in the USA. Ah I hear you say why the OTC exchange instead of the big boards, Well cost for one it is expensive to belong on the NYSE and NASDAQ around $250,000 per year as a minimum, and a young company just can't afford that kind of fee.
Secondly OTC is less restricted, and is controlled by dealers rather than Brokers or Traders. What people refer to as M&Ms are actually Dealers trading between themselves and making a profit from the difference between BID and ASK. Sometimes a Dealer will buy and sell their own stock to themselves just to keep an active slate.
Thirdly, Because LEX is a Canadian Company Stock prices are in Canadian Dollars, it shows as US Dollars on the American Exchanges. At the moment a Canadian Dollar is equal to .77 US Cents. Comparing the difference in US to Canadian exchanges the LNB Stock is .17 CND Cents (US 13 cents).
There is a lot of speculation of whether LEX will sell the Heart Sentry, Realistically, it would not make sense. After the amount of Blood Sweat and Tears Lex has gone through over the last 15 years, they need to bring the product to market and establish themselves as a reputable Medical Equipment Manufacturer. Selling out destroys all their previous work, and quite frankly if they intend to sell out, why bother with the rest of the testing ?
Also on Share Price previously I stated I could see a reverse or forward split, however in my opinion they could easily make a reverse split, which would initially raise the stock price but it would also lessen the amount of outstanding shares. At a 10 for 1 reverse split that would mean the present 38,000,000 shares would drop to 3,800,000 where by more shares could be sold to generate revenue without exceeding the present number of OS shares !!!! That would hit everyone here as your shares would be reduced by a factor of 10. Meaning if you own 10000 shares of LEX and they do a 10 for 1, after a reversal you would only own 1000 shares. It should also be remembered that when a company does a reverse split it is done to generate revenue and create the ability to issue more shares. This in turn normally causes the share price to fall fairly rapidly as the exchanges see this as a negative. As the company trades on the OTCQB and the TSX I am not sure if they have to reverse split on both boards simultaneously or if they can just do a split on one of the boards. If its possible to split on just one board the OTCQB would be my prediction..
If you are fearsome of loosing your finances on a OTC Stock, you should not be investing, and especially no more than you can afford to loose. It should also be noted if you manage to buy on margin, the chances of you loosing your shirt on OTC are higher than on the Big Boards. If you deal in Pennies and OTC you should only trade as a cash buyer !!!
I also advise you to check the Canadian LNB site as there are often snippets of interesting news and developments that are not picked up in the US..
Have a great day...
Re;- VENDYS Endothelix, this product was mentioned back in April and it was determined that it was inferior to the Heart Sentry.
It is for office use only and not very portable and it also is not as accurate. Hence the reason it lacks support and sales. Heart Sentry is real and although it will take longer than most think it will eventually bring a good return.
No doubt I will get my hands slapped again for saying this, but it is as I said previously, There seems to be a lot of inexperience running with fear on this board. If people think that this stock is a quick flip then they need to think again. Everyone should remember trading any stock is like gambling at a casino, and especially so with regard to the OTC boards. Although there are good companies trading on the Pinks, the majority are Penny Stocks and all the Wall St Traders look at anything under $5 as a Penny Stock and not worth investing in. Also Penny Stocks receive a lot of Pump and Dump creating fluctuation to trap the unsuspecting. If you bought LEX thinking it would create wealth beyond your wildest Dreams then you need to think again.
As for all the resent stock prices, it is being created by MM's who make there money on the split between Bid and Ask. as there is only 38,000,000 shares outstanding, and everyone seems to think this is a sure think, there are no real genuine sells unless someone is impatient and the lack of News is weighing on their shoulders leaving them penniless !!
As someone has pointed out, everyone on here is probably in the RED, but You should never invest more than you can afford to loose, so complaining the stock is going down will do nothing for your bank balance.
Which leads me to calling the company and asking for news can as I have said before be counted as a form of insider trading,(Remember Martha?)
The best thing to do is sit back and wait, perhaps even print the Bio of Lex and Heart Sentry info and leave a few copies in you Doctors Office..
A Goodly Day to All, time to go travelling again.. Well I have to spend my money on something !!!!
I guess you need to read the link I posted it will explain more than you perceive.
Take over or RE IPO ????
You need to read this and understand it !!!
https://www.mintz.com/newsletter/2011/Advisories/1162-0511-NAT-SEC/web.htm
As there is only +/- 41,000,000 share accounted for any action conducted by Lexington Bioscience needs shareholder approval unless the re IPO / increase the number of shares !!!!
Which means You have a voice in what happens after the testing and FDA approval !!
I think prior to FDA approval and an increase in price, Lex has to issue more shares. Because at the moment there isn't enough to sustain a run..
Hmm NO, I missed a decimal point and you read and interpreted wrong.
4-50 = four dollars fifty !!!!
And OK I missed a decimal point ...
I have 650000 shares so anything over $1 will be good, although I am looking at $4-50. I doubt I will be able to unload them all in one sale so I'm contemplating 10 sales of 65000 which will also mean 10 commissions to Ameritrade totaling 6-99 each ($699).
However I am also thinking my sell date will be around the day they get FDA approval because there will be a lot of people wanting to buy. I truly think if you wait much longer you could be caught holding the bag. I hope everyone makes some money and I'd rather sell a little low than others and be sure to make a profit...
Good Luck, hope it helps
Have a Great Day...
That's good, but if we're all holding where and how will the shares increase in number and amount in order to achieve your exit point ?
I have sent an e mail to Mr, Willis asking a few questions re shares and hopefully he will be able provide some answers without being classed as an inside trader.
I will post his reply if and when I receive one..
Have a Great Day..
Hey guy's I'm not a newbie to trading, I have been trading my own account for 35 years, I am retired and still trading. Sometimes I screw up and others I make good, luckily most times are good..
My experience tells me LXGTF have announced they have just over 41,000,000 shares, and I am still waiting for someone to tell me how they will gain Institutional Investors and a Price Increase with that amount of shares? Remembering they are a Penny Stock on the Pinks !
Simple answer, Its impossible! They have to increase the number of shares to obtain a valued valuation for investors to participate and that mean any increase in shares will create a dilution of present shares and price.
Ok they could sell out to someone else, but that doesn't mean present shareholders will benefit. The new company taking over the product decides what present shareholders will gain if anything. And if LEX doesn't insist on present shareholder being rewarded the new company can say goodbye end of story. Also lets assume the new company shares are valued at $10 per share, the price of LEX today is +/- .18, that means you would need 55.5 LXGTF to 1 (ONE) of the new companies shares on a swap trade, which means you loose, not forgetting the swap would be less and in the new companies favor !!!!
In my opinion present shareholders have added very little to the company other than give it a platform for helping the product to fruition. The obvious next step is to re IPO or sell out, in either case at the end of the day its your choice how long you hold. And no I don't suggest you sell now, I still say have your own exit plan. And regardless of what you think I believe in the product or I wouldn't be here, my exit plan is already implemented and I can change it anytime with a couple of clicks..
I will continuing to ask questions an post accordingly, if you choose to ignore me that is your choice, at the end of the day I hope you all choose wisely
Have a Great Day...
I'm not being a Debbie, Everyone to their own, but as others do I research and will post my conclusions, its up the individual to decide what's best for them. Its ok having a high sale price logged to stop short sellers, but you should contemplate having a realistic price in mind where you will make a profit even if its a small one rather than loose because you wait too long.
Have a Nice Day..
On the LBN page it clearly states :-
Capitalization
Issued & Outstanding:
37,853,401
Reserved for Issuance:
3,227,400
The fact that there are 3,227,400 held in reserve mean they are counted as outstanding, because these reserved share have been allotted for stock options Etc.
If you add the two together !!! You get a total of 41,080,801 which is a weird number, so where are the rest of the shares ??? And if as I have said and suspect when those shares or new issued shares of an IPO are released the present shares will be worth nothing !!!
Hence my saying everyone should plan on an exit point as soon as they see shares increasing in price and the FDA approval being announced. Because I am sure LXGTF has a plan of action ready to implement when favorable news is released...
Have a Great Day
We are optimistic that HeartSentry can help to fill this important need, advancing the field to help prevent cardiovascular diseases like heart attack and stroke."
The key word being Optimistic !!! + Hopeful !!!
Now is that hopefulness about Test results or Hopeful it will be bought and used by the medical profession ?
Also if you look at the LBN board, you will note that outstanding share and reserve shares are just over 40,000,000. there is no mention of shares held for release and sale. That should tell everyone that when the company releases new shares our will be heavily diluted if not worthless. Regardless I'm still in for the long haul because I think there once the benefit of HS is proved and put into use its results will carry it upwards.
Have a Great Day
OTC listings are not as regulated as much as the Big Boards, and it is true there are cases of companies with a low share price who seem to issue shares willy nilly in order to create revenue from the sale with no regard for the shareholders.
If you take a walkabout though the Pink Sheets you will see companies who have billions of shares all due to many pennies adding up to dollars.
A case in point is AGTK a Marijuana stock, if you read the comments you will see they seem to just manufacture shares to create revenue. Which dilutes the stock of previously issued shares.
Don't get worried, just keep a sell point in mind and when it reaches that point you should be ok, And yes I know so many of us have sell orders for $100 etc to stop short sellers, but you could place a Good Till Cancel order for any amount. I personally think $5 is the most we will get out of this stock, If I'm wrong then so be it, but you'll still make money, If it goes up more after you sell don't look back forget it, don't chase a stock you'll get burned.
There are many good reads on the net regarding trading and stocks when you have a question do a search and you'll have a multitude of choices, most giving the same advice..
Re Warrants:- https://www.investopedia.com/terms/w/warrant.asp
Have a great Day.
Its not a matter of them wanting to do it, its Business and to be successful they really have no choice..
37.8 million shares isn't enough to generate R&D and working capital. An IPO would increase company worth and profitability, causing share prices to drop due to the sudden amount of new shares up for sale. Even when the HS is in Medical facilities they will still need cash. And apart from sales their SEC filings need to show positive, to interest new investors. Remember as yet there are no Institutional Investors, when there is, they will require lots of shares. Its just unrealistic for LEX to plod on with 37.8 million shares at .18. Now perhaps they will and do have a great sales force, they still have to produce the device and get paid.. And anyone whose been in Business will tell you when you start out your expenditure is higher than your Receipts.
Have a Great Day
Its a little like a forward split, But hopefully this will answer you're questions ?
When a company issues new shares to sell to the public, the price will go down. Though why this happens is often misunderstood.
Some people see the fall of stock price as a supply-demand issue: because there is more supply of the company's stock, the prices should come down.
Some people see that the same company now has twice as many shares, so each share represents less of the company, so the prices should come down. Here, they forget that the company did not give the shares away for free, but actually got a lot of cash for it.
When a company issues new shares, prices fall for a very different reason.
Imagine a company with 1M shares trading at $100. That's a market cap of $100M. Imagine you own 1000 shares of the company. You own 1/1000th of the company.
Let's say the company offers 1M more shares in a secondary IPO. Suppose the company can sell the new shares at the current market price of $100. Now the company would have a market cap of $200M of which $100M is in cash. In this case, you will own 1/2000th of the company of a $200M company, so you have no net gain or loss, only dilution of ownership.
BUT, when the company offers 1M more shares, the stock price will fall significantly, say to $70. This is not because of more supply; nor is it because the same company has twice as many shares. [Remember, it's not the same $100M company anymore; it now has an extra cash].
Here is the real reason:
Before the new stock issue, the market valued the company at $100M. This valuation includes a price multiple for the company's earnings (PE ratio) because the company has performing assets (factories, brand, products, people, buildings, processes, patents) that the market expects to continue generating revenue and profit. Let's assume that the PE is 10.
Cash, on the contrary, has no price multiple. It's PE is 1. No more, no less - a $1 bill has no price multiple.
Therefore, the company is now valued as a $100M company with a PE of 10 for its current business plus the new cash which has a PE of 1. But it now has twice as many shares. As a result, each share no longer commands a PE of 10, because the extra cash the company has just raised by selling 1M new shares has a PE of just 1 compared to 10 that the company's performing assets command.
The new stock price would therefore reflect this financial situation: part of the company's assets are simply non-performing cash; as a result the net company no longer commands the same price multiple to earnings.
[The new stock price will also reflect how effectively the market expects the company to turn the new cash into value.]
Not necessarily because the second offering would lower the value of your present stock. Because of that its important to have an exit strategy as soon as you suspect it will re-IPO.
A lot of Traders suggest you sell when you show a 22 1/2 % increase plus fees of purchase and sale.
I like all you Guys and Girls have a sell order in for a high amount to stop short sellers, but I think it will move upward very quickly once the test results are published or FDA approval is granted.
I suggest everyone keep a close eye on News (sign up for the News letter/reports) and movement with a sell price in your mind. Also remember when and If the share price increases there will be short sellers by the cart load as there is with most IPO's, which is seen as the drop in price after the launch, A couple of classics were DBX and SNAP who lost almost 1/2 of their stock price after the first 24 hours of Launch..
Also with 0nly 38.7 million shares outstanding, they have to release more shares which will also dilute present shares even if they do not IPO.
Have a great Day..
Q. What if their IPO request doesn’t get approved?
A. Providing all paperwork and records are in order and the stock price is viable it will be accepted. And in my opinion they have to push forward for NASDAQ listing. Whether they are bought out / taken over or license others to produce or sell the HS it can only benefit them to get global recognition by being on the big board.
Q. And if they get on nasdaq, where’s the real longevity of heart sentry sales...?
A. HS has a long life, as mentioned above it is a World Wide product, and will be needed for years to come. Not forgetting the replacements required due to modifications and just being old...
Q. Once everyone has one, then what? Does Lex have another product on paper waiting to be “born”? Or are they a one trick pony...?
A. Replacement will always be needed as will supplying new medical facilities.
As to other products, I haven't heard of any however that doesn't mean they don't have any. Rossi left to work on his other inventions as an independent, perhaps he will come up with a product for Lex to market, After all once they have one product in circulation others are easier to launch.
Statement, Anyway, I think they’re going to make their money by selling the product to someone....
Response, If that happens they will no longer be in control of their product, They have to stay independent for the first few years.
Statement 2, This would be a great addition to a Fitbit or Apple Watch...
Response 2, There seems to have been a lot of talk about Fitbit over the weeks, However don't forget Amazon, Microsoft and Google are working jointly to create a Health Market. There are many others Boston Scientific is just one, should an outside company be interested there are many qualified contenders. ( It certainly won't be an AS SEEN ON TV )..
Have a Great Day,
PS, DRUS was up 32.21% today, Type it in the iHub search and read about it and all the positive comments.. Good Luck
Yes but the cost is repaid multiple times when the IPO is launched, Plus they will have a better following and share price which will attract the large investors.
With young companies like LEX they go public, hoping investors feel like rolling the dice, while they try to hit their FDA approval stage and go from there. If they hit the next stage the early investors should make off nicely and the next round of investors feel more comfortable seeing less risk because the company has moved along in the approval process. The company will benefit a great deal on the major exchanges after hitting their goal of production and costs generating the desired revenue.
Also If they stay on the OTC they will never progress the way everyone hopes and will remain a penny stock with little attraction for the Large Investors and their Funds ...
Have a great day..
Thinking aloud !!!
Having Institutional Investors would be great, However the big guy's don't normally bother with stocks under $5 ! Which brings up a question I have asked before.
Will they re IPO on the NASDAQ? And if so what will happen to the present investor?
To attract attention from Wall St any re IPO will have to be around a minimum of $15 plus, which would put LEX in a strong profitable position. Although its not uncommon for a company to re IPO and the old shares are written off leaving the early investors with nothing.
A re IPO would also generate quite a few wealthy people on here if our shares are equaled to any IPO especially with a large volume ???
Sitting back and waiting is the only thing you can do, unless your silly and sell at a loss.
Have a great day..
According to the last AGM release, Rossi resigned from the company to work on some of his other inventions.
Which could be one reason the stock is lower at the moment. Just hope he's not working on a proto type to replace the Heart Sentry...
Have a great day..
I received a reply from MR Willis re the both arms etc..
He said they frequently change arms to get a better and more accurate reading..
PS, You might want to look at DRUS for future gains!
Have a great day..
I'm a little perturbed with the response I got from LEX,
After watching the Podcast of which I received via e mail I was a little left in the dark as to what was being measured and the break down of the results ! I don't think the Ppodcast was explained to its fullest potential ??
On Friday I had a DR's appointment and as normal my BP was taken on the right arm (122 /81 a normal acceptable reading but the nurse also did a BP on the left arm which resulted in a BP of 175 / 72. Her's and the DR's response was no problems everyone shows a slight difference between arm measurements ?
Anyway over the weekend I sent an e mail to LEX asking if their testing was done on both arm .
The response was the podcast link !!!
Now I don't know about you Guys and Gals but how can the Heart Sentry be accurate if they're only testing using one arm? Surely accuracy would be both arms and the result would be the middle measurement between both readings?
As an after thought how many of you have had a BP taken on both Arms and found a difference.
Have a Great Day
I guess my thoughts were wrong judging by your update.
But what about this shown on the Ameritrade lxgtf page ?
Last (time)
3:07p ET 07/12/18
Last (size)
5
IMO, Someone who is very desperate because at my reckoning they didn't make much of a profit if any at all. There again selling for .1999 if they bought at .185 = $714 if they do that a few times a week it adds up, and the way the price per share has moved recently a little goes a long, long way ..
Yes it will change but not very much, Share price will change the cap as will the amount of outstanding shares. But as the outstanding shares are virtually static for the time being its pretty much on par with my estimate.
When the trials are over and FDA approval occurs the cap will definitely increase as more shares are sold and the PPS goes up leading to a very big change for the better.
I think .19 is a fair price, The last 5000 I bought at was at .185. And as the fluctuations are setting the pace my buy order was until cancelled !.
If you look at the market cap of 7.3 mil and divide the number of outstanding shares 37,900,000 into it, You will see the share price has a value of +/- .1927. You should also add in the fees of your transaction so you get an accurate amount of each buy.
As an example if you bought 1000 shares @.20 that's $200 add in the average fee of $5 and your cost per share is .205. It may not seem much but you will have the same calculation when you sell regardless of the profit margin.
Oh and yes the capital gains also increases your overall share price when you sell at a profit. Short term (less than a year) on $77,000 would be 12%. Whereas over a year (long term) you pay nothing on $77000 or less. So your 30% you put by seems a little high !
Ha nice to be back home 6000 miles From AZ to Fl to MI and back to AZ..
Anyways not wishing to dampen your spoils but for those like me who are accumulating every buy has a transaction fee ! And you will also have a transaction fee when you sell.
Some Brokerages charge a buy / sell fee for every 10,000 shares traded either way, other let you trade all for one fee.
Two I know of are Ameritrade who charge only one fee up to I believe 100,000 shares. When you sell any profit will incur Capital Gains Taxation
PS:
Re the Morse thing, just forget it, I was in the Brit Army You Yanks do everything backwards ... lol
Have a great day, happy trading...
AGM :-
https://webfiles.thecse.com/investorx/LNB/1807030412459938.pdf?viRTAlt8AjIm2mBkc.UloONLoE3RfUul
I can't help but think that Rossi's resignation at this stage of development will create a drag on the stock price. Although it depends who replaces him could result in an accelerated price. The time taken to select a candidate and prove themselves will be a telling tale of following the scheduled plans.
I would have hoped there would have been a member of the company, who would take over Rossi's duties on his stepping down..
As a result I have an order to buy more shares @.185, Which I interpret as a win, win situation. If I get the shares I cost average down and if I don't I will still be showing a small profit.
Remembering you only win or lose when you sell..
Have a great day..
Hm !
Whether you like it or not you were shouting, but as I previously said it doesn't bother me.
However your explanation doesn't wash, If you write in cursive you tend to type in the lower the carriage. If you write in capitals then you tend to type in the upper carriage.
When I was in the service we wrote the Morse message down on paper and translated it to English. In that way if an error occurred it could be double checked and verified.
I am baffled though with your protest and claims of past experiences when you make so many grammatical errors and spelling mistakes..
No I'm not trying to teach School but a little thought and using spell checker helps !!
From me (G3ZLX 13Z) to you !!
... --- .. -. ... - . .- -.. --- ..-. .... .- ...- .. -. --. .- - .- -. - .-. ..- -- .--. . .-. .... .- .--. ... -.-- --- ..- ... .... --- ..- .-.. -.. ... .--. . -. -.. ... --- -- . --- ..-. -.-- --- ..- .-. . -. . .-. --. -.-- .-.. . .- .-. -. .. -. --. .... --- .-- - --- - -.-- .--. . -.-. --- .-. .-. . -.-. - .-.. -.-- .-.-.- .-.-.- .... .- ...- . .- -. .. -.-. . -.. .- -.-- .-.-.- --- ...- . .-.
As to driving the stock upward, unfortunately no one on here has that power, there are +/- 38,000,000 shares outstanding. There are no institutional investors and until the product goes to market I personally don't see much of a rise in the Share Price. According to the LBN board and the Company News Releases it is provisionally 2019 before things will hopefully benefit everyone on here.. So just hold and hope everything works for the Company and Shareholders..
Am I understanding you right ?
If you lock up your shares with a high sell price, they can still be borrowed to short the stock ?
I always understood they couldn't and if they can then what is the point of locking the shares up ??
Thanks
Have a great day.
It doesn't bother me, but I have to say using capitals all the time is counted as shouting. But that's besides the point I'm curious when you use a pen and paper do you use cursive or print in capitals ?
Looking at the LBN board I note that the last 25 transactions shows only one trade for yesterday ?
Jul 4, 11:51
0.2200
-0.0250
1,000
BMO Nesbitt Burns Inc.
CIBC World Markets Inc.
As the US markets were closed yesterday, does this mean most of the everyday trades for LXGTF are on the American exchanges?
also as there is about a 4 cent difference in exchange rate the stock looks to be opening lower to day>>
Have a nice day..
Pray tell, when did you see LEX's stock selling for 30 to 40 cents?
The last time it was at that level was about 6 months ago on its way downward. As far as I am aware all those who have locked up their wanted share price are in a hold mode for a greater amount than a few cents.. But I will let them clarify that for themselves..
Moderators: $Pistol Pete$, gopherdat, emptypants
Does this mean there posts are to be ignored, with a view to being pump & Dump merchants ??
Sorry People, I helped keep the price down by buying another 10000 @ .195
I think I will just hold on now until something happens and as with my other share I have these listed for sale at $42 per share....(screw the shorts)
have a great day.