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In the interest of accurate information, I verified with a company contact I converse with on occasion, that Lexagene does not own the original 2 patents. They are owned by Lawrence Livermore National Laboratory. We have exclusive license to the patents and pay a 3% or less royalty per machine sold. These patents expire in 2028. Lexagene owns one patent that is pending and additional in the writing phase. These will expire in 2040. There will be no royalty payment for the cartridges sold. Cost of cartridges will be $3-$4, and will sell for $40-$100 depending on the industry in which it is used.
Final design lock down has been pushed back to February, commercialization to Q2. The 4 Beta testing labs had great feedback on how to improve user experience with the LX2 so Lexagene will be taking these suggestions into account in the final design. There may be one more beta tester - that being in the veterinary industry.
A buyout is probably not imminent. He said that one could take many different forms, if it happens at all. Complete buyout, license to certain industries and keep others for our selves, keep the cartridge business - all are options.
They are in the final stages of what seems to be their final financing as he said there is large amounts of very interested money coming in that should carry Lexagene to commercialization. I'm stoked!!
Competition is good - makes us better. No one company in any industry gets all the business. I think the discreet application will win out. PTOTF
If I am not mistaken, they don't own the original 2 patents. They have exclusive license to develop the tech from the gov't agency the CEO previously worked for. As to the buyout talk, I hope they don't jump the gun. A typical premium for biotech buyout offers is 80%, or so one of your links in a previous post stated. Well our stock price is ridiculously low so that just wouldn't do IMO. This seems to be a simple machine to manufacture and I hope they can ramp up with similar ease, as I could see them flying out the door to the thousands of testing labs and agencies that need this technology badly. It's amazing what this LX2 has been proven it can do! And the LX2 sales are (the 'razor') just the beginning. The real money is in the 'blades' so to speak. 90% margin on the one-time use, disposable test cartridges!! And the test sites go through them like water.
A buyout would be quicker money for us, I suppose. But I think I'd like to see the stock get to $5 or $6 organically first and then get an offer.
For that we need ihub and twitter eyes on this thing.
Hi, long time holder of LXXGF and just found this board. Really excited about the potential here. We need to get this board alive with regular dialog and get the info out about this company to big players on IHub and Twitter. Nobody knows about Lexagene yet!
Hi all. Long time holder of PTOTF, in at .55. If you like these "save lives" stocks, W*RT*C will likely be interesting to you as well. The 5 day climb of ptotf was triggered by what, would you say? The corporate update of 10/3 being digested as very good progress? Been a long waiting game for me but should be worth it.
Is a penny possible near term? Or do we wait for months after reinstatement? A week from today - are we on the docket for sure or could this be delayed. Also, does anyone know good things about JNC Ventures?
Agreed. For all the sites they say they have, the numbers should be astronomical.
Would love to see some giant revenue numbers...finally...
Someone should drop a hint to Magic Mike and BMoeSki on Twitter. With a hearing in a week, they'd be interested... I'm not on Twitter. Long GESI
LMFAO!!!
That's tolerable. Thanks.
Hi, do we know anything about the SS of GESI? Couldn't find anything.
Let the back peddling begin.
"It is going to be green everyday this week.
Is that understood moron?"
Absolute genius...
Ya Think??!! Duh!
Totally Agree!!!
Why no action today? What news have I missed?
Don't take it out of context! This is the complete paragraph:
"On September 11, 2019, Karen Berend and David Berend resigned from all positions held with Leaf of Life Holdings, Inc. (the “Company”). It was determined by all members of the Board of Directors that Karen Berend and David Berend will better serve the Company managing the now fully owned subsidiary, Lust for Life Footwear, LLC. Conrad Huss will remain the sole director and officer, as Chief Executive Officer, of the Company.
A copy of this Form 8-K was provided to Karen Berend and David Berend who have no objections to the filing, being given opportunity to respond to the contrary."
Hi, was introduced to BCCEF 6 or 7 years ago and liked it then. Didn't invest, thank God, but might in the near future. I see their Bolivia project has been scrapped for economic reasons, they say. Wonder if it had anything to do with Chinese involvement... Stay away from all things China! Anyone know the time frame from breaking ground for plant to accepting first check for product rendered? Would like to know when they could flip the switch on in Ecuador. Seems like it still could be months/years until revenues come in. Check out their Facebook page for more up to date info. Haven't checked out their Blog yet...
You sure got that right!!
If you're here for the pops on announcements, great! But if you're an investor, keep in mind the plans stated in the white paper for their product(s) will take months if not years to come to fruition. It takes a tremendous amount of time and technical know-how to get a vehicle airborne and commercialized. If the military gets involved it could get fast-tracked but don't count on it. From what I read, they don't even have a prototype made. Still in the design phase of the body, unless I missed something. This is a very technical product and I am stoked and will follow it just like the many other manned and UAVs being developed out there - and there are quite a few. Starting with the size of a drone for proof of concept and then scaling up the size is a great idea.
Hi, new to Ihub but not new to RBNW. Curious as to why some posters here repeat statements over and over again ad nauseum. To me, credibility goes way down to 'pumper' status when this is done. Maybe to keep up the excitement?? Also, why not talk about the good and the bad info intelligently, so we can all make informed decisions. The information about the potential huge dilution from convertible shares was pretty much ignored but, to me, should be explored. Or maybe all are traders vs investors on this site so that is a non-issue. It actually looked like a filing from the previous owners of RBNW, a cannabis company that never made a go of it, I believe. Would those terms be relevant for Lust for Life, if that were the case? The shipment info was a little mixed up, too. August incomings would hardly have 'brought in 2.5 million'. They haven't hardly had the time to unload them yet, let alone sell them. 'Will potentially bring in 2.5 million', is more like it if the math is correct. Anyway, long RBNW and GLTA tomorrow. Hopefully I haven't stepped on any sensitive toes. If I am wrong anywhere, please enlighten. Thanks!