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There was no IPO. MGXRF was a spin off from MGX Minerals (MGXMF). Correct web address: insert-text-here
What we are focusing on now (covid 19/human clinical diagnostics) we weren't even considering to do for another 2 years! Thanks to FDA fast tracking, we'll get our certification very quickly and still be able to tackle our original focus industries of food safety and veterinary medicine, which have little regulatory oversite comparatively speaking.
Hi all. Lots of new names here. I haven't checked this board in months so I am not current with happenings. Got involved back in Oct/Nov. WTF is going on? Lust4life never merged? Were all the 'bills of lading' fakes? The DD done back then and is posted is all a bunch of lies? There's no way L4L can be merged in without putting out some sort of announcement in 6 months. No quarterly reports. I see the pumpers from back then are long gone. Is there any chance in hell that this is a legitimate merger? I was in it for the long haul so decided to get away from all the crap that was posted here. Anyone care to give a synopsis on this 6 month debacle? Thanks in advance. GLTA
I think you're right in your first assumption. Nobody gives back stock options without compensation. These were exchanged for the better for those investors (not us), and to probably clean up the books. IMHO
Read the announcement again. This customer has a TOTAL of 3000 North American locations. The regional rollout will be substantially less than this number. Still - good news, though. About time...
It's a good thing! An investor(s) is willing to pay more to get involved with BRFH. They see the huge potential.
Well, duh! You think there is anybody in the room while the machine is on? Everybody, you don't have to be afraid of competition but at least be smart enough to be informed. https://www.xenex.com/why-xenex/ They are in over 400 hospitals with state of the art technology. I remain long PCTL and informed.
Don't make the mistake of thinking we are without competition. Here is a video and story of another way of disinfecting rooms: https://www.houstonchronicle.com/business/article/Texas-Medical-Center-hotel-employs-germ-killing-15124224.php
It is airborne when people cough or sneeze but that is it. Guidance says to 'socially separate' from other people by a distance of 6 feet to avoid this spray. Easier said than done. By 10 feet, the spray from a cough/sneeze has hit the ground, according to what I have read.
The very least they should do is distance themselves from any wrong doing in a P.R. Guilt by association can be very harmful with public companies, whether true or not. Let the shareholders know if the deal is still intact. Dumbass Mandel!
If you want to listen to the CC, it is available on their website. Sounded very promising!
Not True! The 1,547,122 figure is a Canadian dollar figure. They have 1,547,122 dollars worth of inventory on hand as of 1/31/20. Big difference! What's that - 4 or 5 units, maybe? Found on page 3 of the Interim Financial Statements/report under Current Assets.
It might happen more often than we would like. They will be dealing with many startup/suspect cannabis companies. Hopefully their nicotine and pharma divisions will land some whales.
My guess is there are minimum requirements/sales expected in exchange for exclusivity. The client could not perform so they lost exclusivity and their license fee was reduced to reflect that. No biggie in my mind. Why give exclusivity to anyone? That just hampers growth which is what we need now. Give them exclusivity after they prove their products will sell as per our minimums.
It is the original interview from 1/17/20. But listening closely around the 5 minute mark you'll hear Mandel talk about the Circle K rollout in Texas and the west coast happening at that moment, with a national rollout imminent. I believe he was only talking about CBD business at that point. Also, CB was talking just prior to that saying March will be the month when we see Lexa labeled Cannadips product in stores. So in all fairness, I don't believe the poster was pumping at all and maybe just listened to the interview for the first time - it being only a month and a half old.
I think the lack of volume is simply because of a lack of eyeballs. LXRP is a tiny company among thousands of trading companies. We think the story is obvious but we're a couple hundred shareholders. LXRP has to get their story told. Get a dog and pony show on the road and enlighten the investing world; even more than they are already doing. I am sure there are thousands of investors following Altria. So when they make an announcement either way, if they even do, we'll be on many more radars.
So, it sounds like all shares in the DTC are tradeable, and thus are included in the float. Huge float.
What are 'shares held at DTC', and are they in the float?
Wow, that old! Maybe they should take down the video if it is full of bad/old info. Why did Ted leave?
Is it possible that the date represents the day the video was recorded? Then they just released the video to Youtube recently? I don't know but I thought I was up to date in watching LXRP videos as well. This is a good one! The new board member, Ted McGegney (sp), former President and COO of Maple Leaf Foods ($3 Billion company) sounds like a fantastic addition. Bunka also explains why progress is taking a lot of time (at least in our impatient minds). Launched 11 new products in only 10 months! In the process of testing each one of them. CBD teas and protein bars sound huge (though I detest all protein bars:) Of course, revenue from the licensing of our tech should dwarf anything in the products arena hopefully. After listening, I might have to buy more shares next week.
Absolutely!! We need legitimate people out there singing the praises of Lexagene. Though N.H. put together some good information, much is exaggerated and quite ridiculous. Even on this board some of the info is inaccurate. I get my info directly from the company - both the CEO and IR, so it can't be disputed. LXXGF
Congrats! I'm in a few of his and am red in every single one of them. Even with a merged in company, they've done nothing for 3-4 months. Newbie to the shell game and am learning the hard way, I guess.
Makes sense. Thank you. So there are no sales. We are a leasing company.
Thank you. Do you know our profit margin on the initial sale of each machine? The $8k/machine/month is a recurring revenue stream? What are the clients getting for that? Seems very large.
With all the opportunities for sales that have been spoken of, will there be a bottleneck in delivery? How many machines have been manufactured and ready to go? How long does one take to be built? Do we have a manufacturing facility ready to go and if so, what is its capacity? Thanks.
I suggest deleting your post. The link is not to a legitimate newsletter. It is a sales pitch for a $1300 newsletter by a snake oil salesman by the name of N.H. We do not need to be in association with him. His claims of the company are extremely exaggerated (though many are also true) and can only hurt the legitimacy of Lexagene. More people dislike and disrespect salespeople of his ilk than do, and they will associate Lexagene with him as a scam company and won't give Lexagene a fair shake.
Anyone know if this Synergy Management Group is the real deal? I see they seem to be collecting shells (7 that I saw) but has anyone made any money on their deals?
Not impressed. Very amateurish.
Why do you call it a 'failed rollout'? 9000 leads take a lot of time to nurture, sell, design, install, etc. Do you think all that happens in a day?? A week?? You can't name one company that has followed through and sold a lead list of 1000, let alone 9000 in the time period you're whining about. This will take YEARS. They're not selling hotdogs here. Simpleton...
So we received $4M already? The next payments are date based or milestone based? If milestone, we could be waiting for a while.
Great interview! Was that conducted today? I see a '5 hours ago' at the top.
At least your find shows some confidence in the company by way of a higher exercise price - $.81/sh. The latest one at $.47/sh shows none. I, as a shareholder, never vote for stock incentive plans (not that my vote ever matters). I think it's a form of greed and if one is implemented, it should always be tied to the share price performance. IMHO. And yes, I know the standard excuse companies use to implement these 'incentive plans' - to attract good executives. Right...
I think every installation is a BETA test because of the AI learning curve. The data coming in is very valuable to the technology as the 'brain' learns and the knowledge becomes a base for detecting every form of threat out there.
You described my conversation with him to a T. Except the drug part. Didn't know their equipment will detect drugs... Or, what was meant by that? Also, I take everything IR says with a grain of salt. They're paid to be positive, I would guess.
After talking to John (IR), I got the impression all deployments are paid after an agreed upon trial period (if they choose to keep it, of course). There will come a time when many installations exist in the world, and then new business will say yes or no based on existing client use information and no trial periods will be offered. The sales cycle will improve/shorten considerably at that time.
Don't know if it's lack of interest or just that not enough folks know Lexy exists. They need to get more eyeballs on that ad showing on Youtube! Doesn't help that the Cannabis market has been in the doldrums for a while now. I've got a lot of cannabis company alerts programmed and for the longest time it was one "hit 52 week low" after another. Now the alerts seem to be more of a positive nature so maybe the sector is finally found a bottom.
Everybody is concentrating their attention on Altria (maybe rightfully so). I think their R&D with our tech will take some time. Don't forget there are 4 divisions in this company. The Cannadips contracts were a surprise, as was the Altria deal. This company is always working behind the scenes to increase shareholder value, I'm sure. We will get another pleasant surprise in the near future concerning each of the other three divisions and, for that matter, maybe another nicotine deal on another continent.
Correct me if I am wrong. As a public company, BRFH is required to announce any material news as it happens, discounting any confidentiality agreements. If that is the case, we have progressed through yet another quarter without any forward movement in any of the previously announced game changing contracts/agreements. Wow... And we have to wait until the beginning of April for the next Q report...
'Tying up LXRP' is not an issue. We don't have a competing product against Altria. We have a process or technology that makes their product (and their competitors' products) better. Our nicotine division was going nowhere without Altria. I just hope we can collect millions in royalties before we sell the division.
I think I read where the CEO stated our tech could be used in $1B of their $3B in sales. Probably wouldn't get in that deep, though, before a buyout.