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was the stock halted today , I don't see anything from 1030am
77
I do recall the talk of them pushing it back by a few months I posted one such fairy tale I was told , when I spoke with both parties in Jan 2019 and there was no mention of needing 4m to make it to the finish, no mention of this taking until 2021 it was all on tract for a few month setback. All that was said was they needed 750k approx. to complete the trials and move forward and that insiders had put up some of their own money but they never would say how much or if it was a stock option plan
I would think they would have to have some type of formal change to the deadline dates noted in the contract or the school could pull the plug as to them defaulting under the written agreement that we can see unless their is another amended copy we don't know about. I would think if there was that LXGTF would have released it to help save face. Maybe someone can answer because I surely don't know but say the school puts them as defaulting then does that mean they can take the science and go to the big boys because at that point they would own all the test results and everything else other than the name Heart sentrey would that be true or am I missing something on how they wrote for all practical purpose we will call it a leasing agreement for the technology or science application. I am no way a lawyer and don't completely understand this contract they entered into but to keep it simple in my mind this is just a big lease agreement and it has deadlines and in any lease you default the owner takes back said property keeping it real simple again for me. If this isn't how I should be seeing this please let me know what your take is on what can happen going forward should the school determine they are in default. I would think it is better for the school if they don't want to put anymore money out to pick up their ball leave the school yard and find a better playing field one that would have the deep pockets Google Apple Amazon ect.. IMO
,
Something just doesn't add up , again you would think that someone would step up for a piece of this pie if it is all it has been built up to be. How many people on this board posted about their doctors loving it , they will be investing ect. ( I am not bashing anyone about what they wrote just pointing out everyone that sees the data LXGTF wanted us to see is sold ). I know if I was a doctor and had contacts and this was the real deal I would gather 19 doctors in my field put up 200k each and buy into this company in return for a stake of this venture. IMO
Hopefully they will pull a rabbit out of the hat for all of us.
Thanks 77 ,
looking at your post they actually have 2.5 years to bring to market , but have a June 2019 deadline which if not met could make them in default.
Looking at LXGTF own plan on their website according to their 10 step plan and when talking with them and Renmark it was always told that they would be 2018 / 2019 in the commercialized stage and selling this product. Now it appears they are at least 2.5 years away from the deadlines set forth in their contract.
What is confusing is if this is the next big thing why doesn't the school put up the money and amend the contract for a bigger piece of the pie or at the very least past this onto an alumni with deep pockets instead of building a library wing this year he or she buys in or does a donation on behalf of the school for the write off? I would think at 750k was a bargain for them even at 4M I think they could fund this IMO
https://lexingtonbiosciences.com/our-solution/infographic/
I know I said I was done with LXGTF and I did sell 95k of 100k shares I had Hoping I might be wrong and kept 5k of shares may payoff down the road not as well as the 100k would have if this went somewhere . after doing research and seeing questions on this board about who owns the patent , what went wrong ect. it fueled me to look up a few things Hearty sentry is a trade mark , not a patent . The patent that LXGTF references is US PATENT # 10 028 664 which if I read the links supplied below is not a patent for the Heartsentry device instead part of the aspect of technology that is used in it. if reading the below links the patent looks to be to the inventor Jonathon S Maltz Chief Scientific Advisor assignee is The Regents of the University of California no mention of LXGTF. I have nothing to gain or loose just trying to pass on info I should have researched better before investing, but in all our defense LXGTF lead us to believe they were within a year of completion and full steam ahead and own the patent. Please read what I found and see if you arrive at the same conclusion or post what your take is from the three links. Thanks and please don’t shoot the messenger stock boards are suppose to be here for useful info for each other , IMO
https://trademarks.justia.com/873/32/heartsentry-87332052.html
https://investingnews.com/daily/life-science-investing/medical-device-investing/lexington-biosciences-receives-heartsentry-uspto-patent-approval/
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10028664.PN.&OS=PN/10028664&RS=PN/10028664
Yes BOBO that works for a protecting shorts. If everyone that is here long puts a trade order in for say a dollar good for 60 days the shares are off the market for shorts. If we bond together as longs the shorts are limited As the stock moves up in price you just increase the price to keep the lock on the shares in theory IMO
Just got and email back and they say they are looking into VA and the rest of the eastern seaboard. Just in time for summer and the beach . Passed on local dist. for this area Hopefully a great 2019 summer and able to pick it up local instead of waiting for a delivery. Good luck to us all
Executive Profile
Eric Willis
CEO, Secretary & Director, Lexington Biosciences, Inc.
Age Total Calculated Compensation This person is connected to 1 Board Member in 1 organization across 2 different industries.
See Board Relationships
46 C$325,218
As of Fiscal Year 2017
Background
Mr. Eric Willis had been the President of Lexington Biosciences, Inc. since May 2017 and serves as its Chief Executive Officer and Secretary since December 21, 2016. Mr. Willis served as the Chief Executive Officer, President and Director of Glenwood Acquisitions Corp. Mr. Willis served as the Chief Executive Officer and Director of InSite Medical Technologies, Inc. from 2008 to 2013. He served as the President and Chief Operating Officer of ParaPatch from 2013 to 2015, ...
Read Full Background
Corporate Headquarters
1055 West Hastings Street
Vancouver, British Columbia V6E 2E9
Canada
Phone: --
Fax: --
Board Members Memberships
2016-Present
CEO, Secretary & Director
Lexington Biosciences, Inc.
Education
MS1993 - 1994
Stanford University
BS1989 - 1993
University of California
Other Affiliations
Stanford University
University of California
InSite Medical Technologies, Inc.
Lexington Biosciences Inc.
Annual Compensation
Salary C$232,298
Bonus C$92,920
Total Annual Compensation C$325,218
Stocks Options
There is no Stock Options data available.
Total Compensation
Total Annual Cash Compensation C$325,218
Total Calculated Compensation
LOOK at the companies he was on where they are now and Glenwood and who that became. With the contacts that are showing on the internet that he dealt with he should have been funded with no problems if this is as good as the claims. Last post about this . Have fun and good luck to all.
You would think after a press release like they put out a week ago they would have followed up with this generic letter to the share holders. Instead they are staying silent and sending it to the ones doing DD. I see this going south , money gone , closing shop and then the powers to be have the patent for themselves. The value of this company has been showed no funding in 2 years and 300+ tries ( their words ) something is foul to the extreme. Like I posted before no doctors groups would not fund or make an offer, heart groups , even the colleges that supposedly tested this would not fund for a stake in this company and then the big boys Apple Goggle and everyone else that is big trying to get in the game and here LXGTF sit with 15 years of testing development behind you and you cant get a dime. Tried speaking with Renmark yesterday all they would say is they no longer work for LXGTF and it wasn't a good fit anymore. That tells me they couldn't make this work, they would have millions in the game if they could have got this to the finish line lets not forget that , as a broker / PR firm they wouldn't invest or be able to secure funding by way of contacts to secure a small funding amount that has yet truly been defined in a said amount, Maybe if LXGTF still around and sub penny I may buy back and hope for the best , but with thousands on the table right now my gut says get out while I can.IMHO this is enough for me to cut my lost and move on.
Good luck to all and DO YOUR OWN DD and use your common sense.
When talking with RENMARK he was saying that the insiders had already put that money up when they were trying to get needed funding he made it seem like they were asking for approx. 700 to 1.3 million, at that time. So if that was the case and they couldn't get that after 300+ tries something is really off. I think I am going to sleep on it tonight and maybe cut my lost at a price I can live with .07 CA for 100k shares and get out with thousands now compared to this going to a penny or sub penny that would hurt. You couldn't even go out and have a steak dinner for two if this is where it is going. It will be interesting to see if he replies on how our shares would be handle, don't the owners cash out first on a buy out if that happens . I have no clue on how that all would work out any thoughts I am all ears. They all hold millions on millions of shares so they could sell lets just say 25m at .02 walkout with 500k plus whatever they have paid themselves over the years . So at .04 below what the stock is currently at they would get a 1 million on 25 million of shares if that's what they own . That is how it would work right?
a lot to think about risks verses reward with knowing a little more than we did when we woke up today. Good luck to all
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