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.
agreed. I hope your assumption: "Then assume that as there are no sources of profit in the near-term (even if there are oil revenues it is unlikely there will be oil profits with oil sub 50), they will issue more", is erroneous. This is a key factor of the business plan. It is essential. Without oil revenues to stop the dilution there most definitely be a "death spiral". So....since the oil is the plan... we are betting on it to succeed. It is the only thing that will save the company. Let's hope Walsh doesn't F this one up.
Have you heard: why the slow down in enrollments? I assume some changes were made. The full 20 enrollments were clarified. I wonder if the NSS was improved in any way? At any rate the CEO is pointing out that enrollments are going to start up again. With the outreach to the professional communities and enrollment of so many sites qualified to perform the procedure I can see 11 patient enrollments in 3-4 months. It's a little stretch....a change from the recent past... but possible, maybe in early fall. We will see soon enough if change is coming.
"we expect enrollment to increase in the coming months". In my mind that is the one variable of success that has been missing this year. Time to pick up the pace! This study can still conclude by summer 2017.
Havent heard otherwise
There is no right and wrong here. CoPilot and Chemist have been here a long time, they know the history and frustrations, they have lived them as I have. Some of us are jaded and for good reason. I however do not feel I need to constantly warn those who want to bet on this technology and company. I will echo the warning however. Nothing LEXG has planned on in the past has come to fruition. But the more interesting question for me is: WHY? I don't want to submit plausible excuses. I believe there are reasons. Consider these reasons as I recall.
1. The LEXG business plan has always been completely dependent upon the development of the Ultrasonic Cavitation Generator (UCG) being executed by SonCav.
2. While LEXG considers itself a partner with SonCav in the development of this technology they have had very little influence or control over the decisions involving timing, financing, and control over the development of the technology.
3. LEXG has been somewhat of a victim of the lack of execution by SonCav. LEXG's business plan failed principally because the UCG they were expecting to be delivered in a timely manner....was not. LEXG purchased one unit and the distribution rights of the technology in Canada (exclusive rights in non-hydrocarbon applications and nonexculsive in hydrocarbon applications). In preparation for the unit they spent precious cash reserves on disposal wells in Canada, near Canadian oil producers. Oil well drillers and operators need and use oil disposal wells; they are essential to their operations. LEXG would have had a sweet deal; make money on the disposal, use the technology to treat the disposed liquids and make income streams from the mining of minerals recovered from the liquids and the improved oil and showcase the technology to all the oil producers in the area for their consideration of usage in their operations.
4. SonCav did not perform. The UCG was delivered over a year late. LEXG did not have the cash to wait for the delivery so in OCT14 they authorized 1Bil shares and executed a 20/1 reverse stock split. They sold shares to Venture Capitalist who then dumped them on the market all of which was both dilutive to our holdings and depressive to the stock price. Subsequently, the disposal wells, that did not provide the cash necessary to fund the business while waiting for delivery, had to be sold at a time when the market was down and LEXG sustained large losses.
5. LEXG then executed a 200/1 reverse stock split and continued to sell shares to venture capitalist with the same negative results to our positions.
6. The UCG has been delivered. The business plan changed to buying an oil well to do what the oil disposal wells could not. It is currently being drilled near proven wells, in the USA, which is about a 50:50 proposition. The UCG is being modified for field use in Houston. The shares outstanding have exploded to approximately 150mil in order to finance this effort. The test results of the technology have been reported as good enough to go forward with this business plan.
Will the oil flow at a rate to cover the cost of operations? Will the sale and dumping of stock shares and its dilutive effects end? Will the UCG work well enough to be an asset to oil producer operations? Will the UCG be accepted as a green operation that opens up additional opportunities in mining. Will it contribute to the world fresh water problem? I believe ......maybe. Strong enough to hold.
I will try, just for the sake of discussion and gaining insight from others.
1. Too soon. Still in the development, phase which does not effect the balance sheet at this time but gives insight as to how it will in the future. The process of proving the efficacy and safety of the NSS has gone well. The FDA mandate OPC has essentially been met. The process of presenting the surgical process and results to the professional communities in an effort to have them be accepted as the best and standard treatment for acute thoracic spinal cord injury is underway.
2. They don't need to. Their employment packages give them generous amounts of warrants. As the future becomes clearer they may. Again ...too soon.
3. No rate increase in December. Again...too soon. Interest rate increases will be implemented to control economic growth. The Trump agenda has not been delineated sufficiently yet. There will need to be executive and legislative action first and some measured results before the assessment that increasing interest rates are necessary.
I saw the inside of the Oxnard address about 7 months ago and the shelves were stocked with parts then. During this certification process Dieter Sauer says he has not been just waiting. He says he has been preparing to run with sales as soon as the certification is complete. I look for revenue to begin almost immediately.
BLAH,BLAH,BLAH
What do you think of the "Repeal and Replace" of Obama Care. The state lines will be deleted and healthcare companies will compete in an open market. Doctors i talk to are supportive. Will NVIV benefit?
Yep. Just like last time. The oil disposal wells were supposed to produce revenue for day to day operations while providing a source oil to treat and the mining of lithium and other minerals. The revenue wasnt great enough, the UCG was delayed and the disposal wells had to be sold to stop the red ink while he waited for his UCG. The business plan morphed into an oil well in the U.S. from the oil disposal well in Canada. The UCG has been delivered. Now we wait for the oil.
27 respected, professional, exceptional medical institutions have thrown their hats into this ring and decided to support this effort. They are the experts. If they are in so am I. As far as the FEDS go...anything can change at anytime. The timeline is not set in stone. True...money inflows are not right around the corner but they can also come sooner than later. The latest Board Member has been respected for strategic partnerships, mergers and acquisitions. Again, anything can happen. This company has awesome potential. The leaders are dedicated, top notch professionals. The NSS has had great success. The company has had a good working relationship with the FEDS. IMHO your positions are not as balanced as they should be.
yeah.....you don't really know squat. Your feelings aren't really relevant here
yeah....why?
yep. where else is the company going to get cash to conduct business. There are other sources but they are all bad. It takes cash just to stay in business let alone go forward. Until oil well money begins to come in there is no other source. At least a RSS would raise the cost per share in the sale of shares for cash. Our big bet here is that the oil well will produce the cash, the cheap sale of stock will end, their will be no need for a RSS, and the dilution will stop. Drilling a well is always risky business.
I've been holding and adding since the wind tunnel testing at the University of Washington and Sauer won the engineering award for the Wind Charger design. I have visited the Oxnard address and seen the inside of the building. I know the technology exists. I know the business and building exists. At the time of my visit about 6 mos ago there were no known disappointments with the testing. Dieter says that while the testing continues he continues to prepare to go commercial. He expects to be able to go commercial when the certification is awarded. He has contracted with Beaufort in an Equity Purchase Agreement. This will give the company the necessary cash to start the commercialization phase but will be dilutive. The future is always just beginning. Anything can happen. Building the manufacturing, distribution, sales, and support phases will be difficult. How will it all be accomplished? Will it be outsourced or in house? Execution and efficiency will be critical. This company has a long way to go and typically the Engineer type is not the right guy to execute the future critical phases. I look for this company to be sold within a year post certification.
Ive been a bag holder for many years. I know the history. I do not support the CEO. I believe he could have done much better. I do believe however he has had his hands tied by SonCav. The LEXG business plan has changed several times and dilution has been extreme because the technology was not developed on the same time line LEXG was planning on. I dont know if the technology will ultimately prevail. I do know that the current business plan of drilling an oil well is very risky. CoPilot's posts are rooted in past decisions and actions. This investment is clearly very risky and I hope that is the purpose of all the negative posts. Nothing about this company, CEO, technology business plans have gone as planned. Be Aware! Many posters have come and gone. Is this a scam? Personally I dont think so but it doesnt matter. I'm a bag holder. I would rather take the chance that success will finally find its way to the business than take the loss and walk with a few thousand. The CEO says the company is about to go commercial. Will this CEO be able to take the company forward successfully? Many questions and not very many answers. But.....The risk reward principle will always be relevant.
No one on this board really knows jack squat! The sample is insignificant. It has zero impact or effect. This board and those who post negatively or positively are the joke. Personal opinions are like a-holes: everyone has one and they all stink. Please... be done with crapping all over this board. Facts are all that matter.
Everyone is so sick and tired of your negativity they dont want to post anything
Let's put this into perspective. This is not a scam. I have visited the Oxnard address. It exists. The VAWT exists also. It is all real. If you don't believe me go see for yourself. It all exists but I can't say how well it works. That's why it has been evaluated by an independent third party for 9 months. We are all waiting for the results. Now, what is happening with the stock price? SENY and Beaufort entered into a Equity Purchase Agreement. Beaufort agreed to purchase up to $3mil. of SENY stock which will provide the cash necessary to get this product to market assuming the independent evaluation goes well. Beaufort gets their shares directly from the company; not from the market. They are getting their shares at below market prices and then selling them on the market and profiting from the spread. They make a smaller profit, have their capital tied up for a short period of time and reduce their risk. This is good for them and good for the company. The company can't exist without funding. This kind of financing is not the best for the market (us) because it increases the number of shares outstanding and dilutes the value of our holdings. Beaufort is probably not investing long term, like some of us, so the agreement isn't necessarily a vote of confidence in SENY. This is the quagmire associated with developmental companies and penny stocks. The stock will be under pressure until sales begin and the need for external cash lessens. IMHO.
Years ago he was ready to go forward with the Wind Charger prototype. He did talk about distribution but he wasn't ready. He reconsidered his business plan. Smart not BS. I saw the Wind Charger prototype without the generator which was explained to me that it needed to be improved. SENY made the correct choice to go with Wind Rider. This prototype does exist also. I saw one. I do not know if it is the one being tested or a second one. Just saying. Take a lovely vacation to Southern California and see for yourself. It's a beautiful drive up Pacific Coast Highway from LAX. The helix design that he purchased from another company is there also. He may not be meeting your timeline but raising the BS flag is not justified. He has made changes along the way. This has extended the development timeline but hopefully it has also improved the product and process.
nothing new. SOStory. Tell us why you think the CEO is a crook? Where are your facts counter to the S-1? where do you get your information to suggest they aren't doing what they say? Your gut or facts.
Money talks. Making money with a new technology will get them out of the quicksand and your predictions that are stuck in the mud will change too.
I posted this last December. It is more relevant today since LEXG has received a UCG unit. The unit that they purchased in 2012 ( if I remember correctly) that took years longer to develop than expected. The delays caused Walsh to change his business plan a couple times and sell millions of shares of stock at very low prices to stay afloat and a 20 and 200:1 reverse stock split. After all this LEXG is still in the game...the game of "game changing technology".
Some opinions are jaded by the long hard road LEXG has endured. Some people look to the future strengthened by their due diligence and the belief in a new, game changing technology. Some people are traders and just want to manipulate the price for a short term gain.
Why are ultra-longs excited about the UCG technology and LEXG distribution rights in Canada? I believe it has been stated by LEXG that the water unit can process 35 cubic yards of water an hour. That is 7086 gallons or 168 barrels. The avg amount of water needed to Frack a well is 3-8 million gallons. At 42 gallons/barrel, it takes about 100,000 barrels of water to frack a well. It costs about $7/bl to transport it and $3/bl to dispose of it after its used, (not to mention the cost of the water in the first place that is in the $millions). The tech could save oil and gas companies serious money ($2mil/ well or $20/barrel of water) therefore it will be in high demand and if LEXG places a minimum of 5 units/yr as contracted and gets, let's just say 20% of the savings,$4 per barrel of water per unit, we are talking serious income, One unit can recycle 100,000 barrels of water in 25 days or one month (with transportation and periodic maintenance). So income of $400,000/mo/unit and if a unit costs say, $250,000 (plus 10% of the savings in royalties to SonCav), LEXG should be able to easily place a minimum of 5 units per year and within one year be up to $2mil per month.Just a little informal analysis but the real numbers should be out in the next couple of months.
Clearly your post is totally emotional and lacking facts.
So....... you are long on LEXG and talk it down every single day? Yeah, I believe that.
Of course your going to stay away, while it declines to a lower level where you will buy again and ride back up to a level where you will sell again. Your not the only one trading this stock.
What's irritating is that you talk like you know something when nobody knows how the testing is going except the people doing the testing. You are a trader playing the percentages. You could very well get burned by selling before a big announcement. The news should be forthcoming within a month or two. I'm willing to wait that much longer because with only 12m shares out this stock could easily go up 10-20x in a day!
I presented a valid discussion as to why it might be different this time and judging by the stock price support at 3X it's recent low my thoughts on it may be valid.
I've watched this nightmare unfold probably longer than you so I can relate to your pesimism. However, I believe LEXG's poor performance has been the effect of Son Cavs lack of performance. Now that Walsh has a unit lets see. Will he perform differently or not? I wouldn't be so sure the future will be a reflection of the past. If the technology works we will know soon enough. I always said 2015 was all about development and 2016 would be the year of capitalization. That may have been a little too optimistic but only by half a year or so.... if it works. IMHO.
Raymond James thinks differently.
4 yrs ago he was testing the Wind Charger in wind tunnels at the University of Washington. Welcome to the world of Penny Stocks. If you want a quick buck you're technique is flawed worse than Sauer's. He has made plenty of progress with limited funds. Time or money. When one is lacking the other isn't.
I have doubts based on the past also but I consider the following points:
1. New tech being invented, developed and tested by another company of which LEXG has little control.
2.The unit LEXG bought was years behind in its delivery which caused LEXG to loose money, 2 reverse splits,sale of assets at a loss and complete change in business plan.
LEXG'S lack of performance over the years has been due to Glotech Intl/SonCavs not getting a unit to LEXG in a timely manner.
3. LEXG finally has their unit in hand and is in control of their destiny for the first time.
I'm willing to give Walsh some slack and see what he can produce when he is in complete control. Let's see if the future is indeed different from the past.
What are you betting? Do you even hold any shares or are you just betting with your mouth? Your posts indicate you don't own shares. So, with no skin in the game why do you insist on a level of negativity that affects our skin? Everyone should know that you know nothing more than anyone else. Your gut feelings based on the past are important to you but not to us. We have our own. Buzz off!
Well, for what its worth, i did drive by the Oxnard address back in April. I saw a wind rider VAWT. I saw racks of the aerodynamic blades. I talked with an employee who said he had not heard any bad news from the certification. i saw a wind charger prototype. the industrial building was about 20000 sq ft. The employee said Mr. Sauer was there almost every day. The space was well organized and clean.i believe the CEO.
His point however is supported by past events. So, it's easy to take his position. Whether or not his statements hold true going forward is speculation. He KNOWS nothing. He is just talking crap. Why? Who knows. I think he just likes to feel important in what ever way he can. Sad really.
I've asked CoPilot to substantiate his comments many times. He doesn't have any facts. He just has an opinion and you know the old saying: opinions are like A holes, everyone has one and they all stink.
Co Pilot must have a system of profiting on price decline. for years now he only shows up when the price starts up and he always talks it down.
The stock has been under pressure since announcing the opening of Canada and U.K,, maybe for the reasons you say, or maybe because of the money it will take to do so before revenues begin. With 20 sites enrolled and certified I think the Inspire study will wrap up by summer 2017, a little later than hoped. I believe the delays and lack of enrollment over the last year is due to the desire to tweek the NSS and the procedure so by the 20th implant they have seen all they need to bring the best product to market. Surely the FDA is involved as it is taking so much time. This has increased the uncertainty. Before the first implant and the 4:1 reverse stock split the stock was never below a dollar so I dont see the stock going below $5. Too much progress and success has been achieved. I have a feeling that a couple implants havent been reported yet. The study is going fine. I believe there will be good news soon concerning the study that will move the stock again. Much of the stock movement in the past could have been related to social media. That impact has been reduced. The next announcement will likely report that the 25% FDA performance objective has been met.
Her injuries needed to be stabilized before the NSS implant. Her implant didn't occur for more than 24 hrs. as I recall. Time is critical for the highest levels of success. While her AIS score has't improved, it has been reported that she has had good improvement in other "quality of life" areas. It has also been reported that different polymers have been evaluated. I'm sure this "top notch" group has learned much from each implant.
many bag holders will sell at first opportunity. the pumpers havent even started. up cycle just beginning. give it three more days. JMHO