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Thank you , I am just trying to pass on info that I got by doing DD , we all have money and some of us a lot and now this stock looking like they cant finish for whatever reason we all stand to loose.
If you don't believe write them or call them yourself. I was on the phone a few weeks back with RENMARK and they were acting like all was good and they expected a turn around in a short time . I posted that to and with in a few weeks that all has gone 180 something is up . if they could not funding to finish this after 300 stops something is very wrong here. Sorry I was the one that posted the truth as I got it from Eric the man in charge of this company.
Here was my reply and the complete emails , sorry just trying to inform the group I have money here too.
Thanks for the reply , if you were to sell what happens to the shares everyone holds currently.
Shark Tank ? if this is the real deal I cant see them passing for such a small investment you would be asking for
From: Eric Willis
Sent: Thursday, February 21, 2019 2:03 PM
To: alan
Subject: Re: New submission from Lexington BioSciences Contact Us
Alan,
Thanks for your inquiry. At this time, we are struggling with keeping the current business plan funded. We have not been able to attract sufficient venture capital to cover current G&A expenses let alone furthering clinical trials and product development. We have done extensive broker roadshows via Renmark for two years and have used other methods to identify sources of capital and to find investors willing to back the company. In our last fiscal year this amounted to dozens of presentations in cities all over Canada and the US that were attended by over 300 brokers. Over the last six months, insiders have loaned the company over $300,000 until proper financing could be put into place. The lack of outside investor interest is forcing us to look at any all options from selling the technology to joint ventures. If you have any ideas for us to consider please do send them along.
Eric
On Tue, Feb 19, 2019 at 7:09 AM info@lexingtonbiosciences.com <info@lexingtonbiosciences.com> wrote:
First Name
alan
Last Name
Email
alan
Telephone
How may we help you?
Hello I wrote last week asking what is your forward plan. how much money are you looking to get funded to get to the finish line. I see you have cut ties with Renmark what caused this split. Can you give a positive press releash to keep interest in your company. I have been in a long time and have a good amount invested in you . please provide something , or go to the LXGTF investorhub message board and let us know what is taking place please.
thank you
--
Eric Willis
President and Chief Executive Officer
Lexington Biosciences, Inc.
ewillis@lexingtonbiosciences.com
+1 (800) 320-2640
Alan,
Thanks for your inquiry. At this time, we are struggling with keeping the current business plan funded. We have not been able to attract sufficient venture capital to cover current G&A expenses let alone furthering clinical trials and product development. We have done extensive broker roadshows via Renmark for two years and have used other methods to identify sources of capital and to find investors willing to back the company. In our last fiscal year this amounted to dozens of presentations in cities all over Canada and the US that were attended by over 300 brokers. Over the last six months, insiders have loaned the company over $300,000 until proper financing could be put into place. The lack of outside investor interest is forcing us to look at any all options from selling the technology to joint ventures. If you have any ideas for us to consider please do send them along.
Eric
On Tue, Feb 19, 2019 at 7:09 AM info@lexingtonbiosciences.com <info@lexingtonbiosciences.com> wrote:
First Name
alan
Last Name
Email
alan
Telephone
How may we help you?
Hello I wrote last week asking what is your forward plan. how much money are you looking to get funded to get to the finish line. I see you have cut ties with Renmark what caused this split. Can you give a positive press releash to keep interest in your company. I have been in a long time and have a good amount invested in you . please provide something , or go to the LXGTF investorhub message board and let us know what is taking place please.
thank you
--
Eric Willis
President and Chief Executive Officer
Lexington Biosciences, Inc.
ewillis@lexingtonbiosciences.com
+1 (800) 320-2640
Sorry you feel I made this up if you would like the complete copy of the email and from I will post that or you can do your own DD and email Eric from LXGTF website contact and wait a day or so , but he will respond.
Here is the latest from Eric about the state or direction they are looking at. Good luck to all of us.
Alan,
Thanks for your inquiry. At this time, we are struggling with keeping the current business plan funded. We have not been able to attract sufficient venture capital to cover current G&A expenses let alone furthering clinical trials and product development. We have done extensive broker roadshows via Renmark for two years and have used other methods to identify sources of capital and to find investors willing to back the company. In our last fiscal year this amounted to dozens of presentations in cities all over Canada and the US that were attended by over 300 brokers. Over the last six months, insiders have loaned the company over $300,000 until proper financing could be put into place. The lack of outside investor interest is forcing us to look at any all options from selling the technology to joint ventures. If you have any ideas for us to consider please do send them along.
Eric
Alan,
We are no longer working with LNB, you will have to contact the company directly.
Regards,
Barry
Barry Mire
Vice-President
RENMARK
FINANCIAL COMMUNICATIONS FINANCIERES
bmire@renmarkfinancial.com
www.renmarkfinancial.com
Follow Renmark on Twitter Renmark LinkedIn Connect With Us
That is I read it too a scan , a doctor performs ect...
Hopefully tomorrow brings better days.
Still no reply from either RENMARK or Eric so far on my questions
This is what I just found maybe this is the link
https://www.webmd.com/heart-disease/features/the-new-heart-tests-which-ones-should-you-have#2
Thank you had seen that before was wondering what the new offering was if any changes were made. funny thing is sell 10m at .07 levels pricing and they would have had it, or at the highs it would have been about 7m and they would have had the funds. Lighten the OS and get to market stage in their business plan. I am sure many of us here when levels were over .10 would have bought shares in the .07 range to fund this if given the chance. Now they would need to show me a lot more to receive any money going forward. IMO
Shark tank is a great idea.
This is what I found on the one company ,
https://www.companiesofcanada.com/company/228222-4/somiper-inc
Looking into the company more it does appear they are a public relation firm , with very poor ratings from employees on Glassdoor. Yelp has a write up that is very interesting , LXGTF is looking for money and read what the owner of Renmark is on
Prior to forming Renmark Financial Communications, Mr. Perron headed the investor relations department for a fully integrated forest product company with sales in excess of 300 M$. Mr. Perron also holds the position of President of Somiper Inc., a privately-owned investment bank. As well, Mr. Perron sits on the boards of four non-profit organizations, where he is actively involved in fundraising campaigns. Since 2012, Henri is a Certified Professional in Investor Relations having successfully completed the inaugural CIRI/ Richard Ivey School of Business Investor Relations Certification program.
I don't see how LXGTF could have gotten involved with this company if they did their research. A few swipes of the key pad and all can see Renmark seems a little crazy. I know it is the Internet and not everything is true but isn't this what we are all here now trying to do . Find the truth . I know the reviews are from former employees and that sales like this are hard environments to work in but a lot of the same comments and what we have seen from the results so far is a little forth telling IMO
Again thanks to all that are looking into and giving advise , we all seem to want the best thing for all of us that is to make a little money , I believe everyone knows we are dealing with a penny stock here , but we are looking for a positive end game no matter how big or small it may be. So lets try to stay positive do what we can in a positive way toward our investment and each other on this board. If and when I get a statement from either I emailed last night I will follow up and post the replies if any.
Here is the two emails for what it is good for sent tonight to Eric of LXGTF and Barry of Renmark
Hello Barry Mire of Renmark Financial
I have talked to you a few times can you please advise of your position or if LXGTF is still a client and if they are not what is the reason for the split.
As you can see I sent the below question to them by way of Eric Willis , I would like to see his reply compared to what you can pass on
Here is the copy of email I sent to
Eric Willis
Can you give an update on what is going on , I see you are not a client of the
RENMARK
FINANCIAL COMMUNICATIONS FINANCIERES
I am a share holder that would like to know what is the amount of money needed to move forward and why or what is causing your team not to be able to get the remaining funding . A press release that was a copy and paste of the previous one is not acceptable
Alan H
Thank you in advance for a speedy reply
Yes that is who I talked to a few days back Post 11728. So something is going on , were you able to talk to someone or did you just see they are no longer listed as a firm they were working with? Thanks for the update
Here is what I just sent to LXGTF for what good it will do sent thru their website contact page. Maybe this group should all write in their question and concerns.
As a share holder I would like to know what is the plan going forward. How much money do you need to fund this to the end. After a press release stating you cant find or secure funding to finalize a study that is suppose to be months away from FDA filing something more is not being said. What are all the patent #'s you have . I would like answer to be in writing or posted to LXGTF website and the LXGTF message board. I have called and feel at this point it has been lip service by phone. If you have a product this good and need only a few millions at the most and you cant get it then there is another issue here or your team isn't as good as their profiles make them to be. Please do not call me to give me a song and dance about a little more time is needed , you haven't proved you all can get a few dollars for a product that is to be a great device. Please just post what I ask for and what your plan is for the next few months starting 2/16/2019
Is anyone here close to where the studies have or are taking place that they can check it out in person? Actually talk with the students or people involved with this study.
Hopefully your insight 77Port will be an option , I would think that this would have been something they have at least looked into as an option already on how to play with the big boys . I guess all of us believers need to stay strong and maybe we will see what we saw in this years ago a product that can change health care and lives.
Time for the MM's to run it back up now make their money , like others have said nothing changed to the company other than a news release so they are still in the same conservative mode they were in before the release. Hopefully get something positive soon. Or a few doctors will want to put a team together and get this to the finish line and be part of a new future for health care
I would even take that .48 too. If that is the plan to do a buy back or sell out at a fixed price then maybe they should get it out and present the package and let us vote and move on for all parties involved. 15 years is along time to be working on this to fall on your face over a million dollars. Too many posters have said they have showed to their doctors and the doctors are crazy about it. I am sure a few doctors out there could put 1.4m together double the amount most likely to be needed to see this thru. I don't mean to be negative on this I not, I have been here for awhile and like everyone have money here and want to see it do something other than sink. Hope we can get this back on track and move upward with results.
I don't know about the rest but a dollar buyout right now would be nice.
Hopefully they read a board or two and release news that helps , if they have their own money in this they need to help themselves as much as they need to do it for us.
Time to ring their phones emails ect.. Real answers not a release that was copy and pasted from a few months ago with three words added. I have already sent an email asking the questions we all are asking how cant you find this small amount of money they say they need and to read this board and answer some of the concerns and questions we all are asking each other.
I agree it isn't April
okay sounds good , I just hate seeing 150k shares drop like it has to day , I know they can rebound just as quick. Hopefully the leaders read this board and maybe cut us in to get this to market. The money they are looking for is peanuts to the big boys that is what is so mind blowing.
Thank you , what would be your thought of the price of a buy back be if they elect to go that way /
So if they sell the rights or technology to another company how do we get cashed out? don't completely understand that part of this issue .Since it is a Canada stock this cant be sold unless the share holders approve is what I read earlier in a post correct.
What is strange is they cant find anyone to invest, how much are they asking for funding I haven't been able to get a straight answer on that does anyone have insight on that. I don't see why they don't release how much they are asking for and then offer the current shareholders a option to buy enough shares to supply the needed money to finish this quest.
Any thoughts when the up listing will go thru it was stated a few months back that it was in the works . I haven't seen or found any new news about progress. Any insight on that.
thanks
okay understand that , so we just have to ride it out and upward. thank you
Just asking a question , so please don't beat me up if not true , but I heard if we as the share holders put our shares up for sale at a much higher price the shorts cant use them as a source to short us. Is that true , if so the ones here that have large share accounts could ward off the shorts by listing a 1.00 ask ? Would and is this true and would it be good or bad for the stock.
thanks for any info or advice about this subject
Called yesterday to see what was happening or if any new news was forth coming. I was told the team was working hard to finalize new money to finish the clinical tested. Hoping to have funding secured here shortly and updates to follow. I asked about what they were thinking the time line is now compared to their model, they are thinking this setback is approx. 4 months worth of time lost so they are thinking late this year clinical should be done most paperwork should be turned over and barring any additional paperwork that could be asked for production should be late this year. talked with Barry Mire. team is doing what they can while in conservation money mode to keep things moving but not as fast if they had full funding
Feel free to call me at the Montreal number below.
Regards,
Barry Mire
Vice-President
RENMARK
FINANCIAL COMMUNICATIONS FINANCIERES
bmire@renmarkfinancial.com
www.renmarkfinancial.com
Follow Renmark on Twitter Renmark LinkedIn Connect With Us
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---------- Forwarded message -------
Date: Thu, Jan 31, 2019 at 6:00 AM
Subject: news or update
To: <info@lexingtonbiosciences.com>
Hello
Can you give a current update of where you are at . I am a shareholder and it has been awhile since we have heard where this is at . Thank you for any update you can pass on.
--
Eric Willis
President and Chief Executive Officer
Lexington Biosciences, Inc.
ewillis@lexingtonbiosciences.com
+1 (800) 320-2640
As written earlier about Google , should shareholders start Googling ADHC and related items to increase searchers so Google takes notice quickier
sorry about double post heavy handed
From a few days back but shows direction
https://www.medicaldesignandoutsourcing.com/lexington-biosciences-heartsentry-reimbursement/
Called and was updated on the course the company is in currently. It has slowed to preserve cash, due to incoming cash flow slowing. Currently working on securing a few investors to fund remaining data gathering to get the FDA approval and start marketing process.
Barry Mire of the RENMARK
FINANCIAL COMMUNICATIONS FINANCIERES supplied this update 1-514-939-3989