Resigned
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This is indeed good news, I also got it sent to my inbox, its worth signing up for the News Letters.
There should be a small increase in share price now, we'll have to wait and see... Go Lex
I'm curious, According to the Ameritrade sheet on LXGTF, there has been 37.9 million shares issued (outstanding shares). I have searched various sites but can't find the total number of shares the company has for sale/distribution.
There are still no Institutional Inventors or Short Sellers position, So I wonder who is doing all the trading forcing the price down ?
I am also assuming the total number of outstanding shares are both Canadian and US traded stocks total together ?
So after reading the previous news articles and posts from my comrades of shareholder, where and how is LEX going to fund further research and development until the Shield is brought to market.
I'm still not sure about a buy out, I guess time will tell ! However that leads into a few interesting questions.
At present Lex is listed on the OTC markets,
1. Will they apply for the NYSE or NASDAQ ?
2. Will they announce a new IPO in order to generate revenue and increase stock prices ?
3. Will they enter into a Forward Split, in order to reward their present share holders ?
4. In order to grow and be financially sound, There days on the Over the Counter Board / Pink Sheets has to end soon. A take over would accomplish that but they would give up so much after 15 years of research and development.. I still believe they should go solo...
My problem is at the moment I don't want to sell the stocks that pay a good dividend, I hold just under 42000 so I'm holding there for a while, and I am luckier than most because I'm hovering around the break even level.
Have a good day.
Interesting, However I think the company is selling its self short ! Assuming the present stand BP of 120/80 is incorrect that means the whole world needs this device. That said the sky is the limit for the price of the stock.
I don't think they should sell out to someone else, I think their best interest would be to license companies and collect Royalties....
This link will probably explain it better than I can..
https://www.lexology.com/library/detail.aspx?g=d5380fcf-72a6-4fe8-87c6-f3ec0422a274
Yes,
LXGTF is listed on the US Over the Counter exchange
LNB is listed on the Toronto Exchange.
When you compare both listings the US OTC is priced in US Currency and the Toronto is listed in CND Currency. ( about 6 cents difference ).
I personally think there is more information on the CND listing for LNB..
Have a good day.
I pay $6.95 with Ameritrade for any number of shares and on my Fidelity I pay $4.95 for any amount.
Out of curiosity who charges $20 ???
And I appreciate your post but I'm not emotional, I read that post 3 or 4 times and it still looks as if he is implying I posted in error or ???
I'm perfectly calm, it is you who needs a dose of reality !
As stated I posted and C&P'd facts, If it had been as you tried to imply 100 shares? It would have still been a ridiculous transaction as the cost would have been $2-20 plus fees...
Oh and try and explain why the last transaction yesterday and the first six this morning were all for 500 shares !! At .22 a share that's $110 plus fees for each buy.. And no they were not parts of a buy order all were separate sale to separate buyers as shown on the LNB chart. Now tell me manipulation isn't in progress ...
I have also read all your previous posts and it would seem you constantly try to provoke arguments and disruptions to every forum you go on.. You need to grow up and spend your time watching sponge bob as its obvious investing and the markets are way beyond your level of comprehension...
NO the post I made was a Cut and Paste from the TD Ameritrade stock chart for LXGTF. Unfortunately there was a 5000 share buy just before the markets closed, so unless someone knows of a magical method of looking up that transaction I reported IE,
1(one)share !!
You will have to take my word for it as I have nothing to gain by posting an untruth and like a lot of others I do have a lot to loose.
I am now convinced that this stock is being manipulated for some unknown reason !!
According to TD Ameritrade:-
Last (time) 3:19p ET 06/13/18
Last (size) 1
Who in their right mid buys one stock for .22 cents and pays Broker Fees of at least $5 ????
That is an interesting article, and makes me think I should by share in Blood Pressure Medicine Companies as I foresee Prescriptions for High BP increasing !!!
Looking at the Canadian exchange for LNB tells a little bit more and over a longer time period'
For instance :
Capitalization
Issued & Outstanding shares: 37,853,401
Reserved for Issuance: 3,227,400
Which still doesn't account for the difference as shown on the US chart of 39.7 million outstanding ?
That equates to +/- US $420,000 at.22 cents per share US and .28 CND ?
since its low to day there are two buys each raising the share price by .01 cents. the last one for only 500 shares @.22 ! That US $110 plus fees, just doesn't make sense, Is manipulation be carried out or is it just an illusion ??
I am getting more and more confused ... But in for the long haul...
As I have said previously, I don't believe the stock is being shorted ? However there seems to be a sell off by people at a low price either through panic or just being impatient.
No stock is a get rich quick symbol and yes markets do fluctuate. But I'm interested to know if anyone else has noticed there are shares being sold that don't appear to show in the charts at the time of the sale.
Yesterday I noted that the outstanding share were previously 38,000,000 now they show 39,700,000. But again there is no info on the sale?
Also shares out standing are the number of shares that are held by investors, according to the charts there are no institutional Investors and no short sellers. In this case 39.7 million OS isn't great deal but ordinarily low shares issued would either raise a bit or remain constant. But looking at the charts, they also show low bid and ask price offers plus the amount off share up for sale and wanted for purchase. Generally a buyer wants a low purchase price and the seller a high sales price. So I'm guessing most of the shares being traded are at Market rather than limits ?
Anyone have any insight, Oh I listed my shares a little lower than some of you, at $42 per share, which I feel is a no go area for a short. I also understand the Fidelity has restriction on the amount and gtc listing, I use Ameritrade and have no complaints but I am sure some people feel trapped with the way their Brokerage company works.
Have a great day..
The way I did it was to place a sell order at a price I'm happy with and make it good until cancelled.
By locking in for sale your shares can't be borrowed to short the stock.
I also think it will depend on your brokerage and there trading rules.
good luck..
Thanks guy's appreciate the response.
I have just added a few more, looking to the future !!
I also noticed that the share outstanding now shows 39.7 million,
up from 38,000,000 earlier to day. I don't see any institutional buys, so who bought the 1.9 million ??? which equates to +/- $420,000, ???
If this forecast goes according to plan, I can see it being a minimum of a $10 stock mid 2020. And after what will be +/- 18 years of development etc. it will be well worth it.
I had to read the report a couple of times and still have a question or two.
1. I read the shares with Warrants only apply to the Canadian market, So are these prices Canadian or US? If Canadian the value of the shares will drop if US the value should stabilize the share price to a minimum of .25 ?
2. Correct me if I'm wrong but the new release of 8,000,000 at .25 and a warrant of .37 does two thing.
8,000,000 shares with the warrants it is a total of 16,000,000, the warrants value is .37 so again the value should increase ?
How can we buy the shares with warrants ?
I'm not sure I agree with you, because this is a product that can go world wide, but then it will also depend on price.
I know a lot of people have their own BP cuff, but they aren't the BP cuff's used in the medical profession !
I guess the question will be, will the residential user device be different than the Medical Field? Plus just to equip the North American medical profession with the Heart Sensor will take quite a while.
May be they will keep the control of the product and license manufacturers and distributors ? Although there are bound to be some imitations and cheap knock offs.
BTW I like the report and think the numbers quoted will be on the low side, Lex could end up trading a lot high providing they don't saturate the market with shares.
Have a good weekend, Good times ahead.
With all due respect I don't think selling out / amalgamating with another company is in the best interest of LEX. But we will see, because it could open the US markets to better sales and share price. Which brings me to two things,
1. a good 5.5 cent increase on the open with no explanation anyone any thoughts??
2. I thought I would buy some more through my Fidelity Account but am now wondering on what the cost will be and what price will be needed to recover the buy and sell transactions including normal fees.
By that I mean Fidelity and probably others charge a Foreign Exchange rate to buy a Canadian Stock, whereas my Ameritrade didn't ??
From Fidelity !
Canadian securities may be routed to a local broker or a U.S. broker for execution. If your order is executed by a local broker a currency exchange from US dollars to Canadian dollars is required.
For trades in Canadian securities routed to a local broker for execution, the transaction price reported to you will reflect the currency exchange rate and include a local broker commission. Currency exchanges may be effected by Fidelity FOREX, on a principal basis. Fidelity FOREX, an affiliate of Fidelity, may impose a commission or markup to the price they receive in the interbank market. The local broker may be an affiliate of Fidelity.
All other foreign securities will be routed to a U.S. market maker for execution.
The price for this security may not be current.
Have a great day, and as spock would say "LIVE LONG AND PROSPER"
Follow up,
Just a thought,
If you are panic selling with a view to buying at a lower price, What indication have you that that price will be the low? And at what low price will you buy back to recoup your losses including fees ? Remembering the price could go up leaving you at a LOSS !!!
Well Hi everyone,
I have been reading this forum for a long time and decided to join and give a thought to LXGTF. I am not a trader I an a single investor looking to my future retirement ..
1. Although the prospects are good, this is still a penny stock and although it happens shorting a penny is really the last straw of a get rich quick merchant. IN THE CASE OF LEX, I DON;T BELIEVE SHORTING IS HAPPENING. however IF YOU WANT TO STOP SOMEONE BORROWING YOUR SHARES TO SHORT, I SUGGEST YOU PUT A HIGH PRICED SELL ORDER IN (gtc) YOU CAN ALWAYS CHANGE OR MODIFY THE ORDER TO SUIT.
2. I BELIEVE WHAT HAS HAPPENED TO THE STOCK IS THE PRICE FELL DUE TO THE DILLUTION OF SHARES ( WHEN YOU DILLUTE ANYTHING YOU REDUCE THE STRENGTH OR IN THIS CASE THE STOCK PRICE!
3. THERE ARE SOME WHO ARE PANIC SELLING, If you believe in the company you should believe the stock price will rise to profit.
4. I was told a long time ago, DON"T PUT ALL YOUR EGGS IN ONE BASKET !!! That means you should diversify and only buy what you can afford to loose, Having said that although the price is dropping YOU ONLY LOOSE WHEN YOU SELL. When you buy a stock you should remember there is no certainty of making it big, in fact a lot of penny stocks leave people penniless.
Yes I own a few thousand share, not as many as some have announced, and if it went to subpenny I would also loose like a lot of you. But I honestly don't think that will happen, I believe if you hold for the long run LEXTF will pay off. Which leads me to the last point I would like people to think of, Contacting the company and trying to pry information out that has not been made public, is a form of INSIDER TRADING !! (Was Martha Stewart Innocent ??)
So fellow investors I understand your dilemma but that's stock trading relax and enjoy the ride. I think it will eventually be a $10 stock. The moneys in the Bank sort of speak, but only if you don't panic. Oh and you should have in your mind a price point you are going to sell and not below that point, remembering the fees reduce your buying aand selling amounts..
Have a nice day .