Can I ask a favour of someone on this board? I am a shareholder. But I made the colossal mistake of buying at 46 cents. I am willing to keep holding for over a year to see this product make it to market. However, the stock price is tanking so much that it looks like their is something fundamentally wrong.
Has anyone phoned management and asked for reassurance? Is this allowed? Forgive me if this is a question that is not to be allowed. But I have talked to other investor relations people of other companies, and they were happy to give necessary reassurance to shareholders. But when I do that with Lexington, Eric Willis doesn’t seem to eager to give me the reassurance I need. Maybe he thinks this is violating some inside policies. Or would be tantamount to insider trading. I have no idea what is going on in his mind. But it would sure help if he could say things like “ just hang in their,,,we , the management are absoluting sure our product will be successful. Of course their are no guarantees, but our confidence is high”. Is it wrong for a CEO to say this to a shareholder? Please inform me if this isn’t allowed. I would buy more shares at this price if I could be reassured the price will not keep tanking. What is the phrase that is used among the investor world/// careful catching a falling knife. The point being, if you try to time the catch of getting someone’s shares of a share price falling,,you will get cut. I bought at 46 cents...I bought again at 38c. I bought again at 33cents.. and 32 cents. Someone said it will never go below 32 cents. Bought some more. Now it is at 22 cents. This is starting to hurt. And yet...I totally believe in this company. My friend had to have heart surgery at 52 years of age..even though his blood pressure was fine,,and his cholesterol was fine. Yet no one knew that his arteries were hardening up so bad in his heart. He almost died. But a product like HeartSentry would have alerted him years in advance to make some changes or face serious heart problems. So maybe I got my heart literally too much into this product. I want it to work. I feel it is needed. But even now,,,I wish someone could talk to management totally openly without any repercusiions of them someone being accused of influencing people wrongly. But imagine if we were the brother of Eric Willis. And we are sitting around having a beer and watching a sport game together. And during intermission, we ask Eric...so Eric....what’s your true feelings on whether you get FDA approval?
How likely do you think you can influence the medical insurance industry to require someone have their endothelial function measured? Also...how likely do you think you will get your product to market and it will be a success? Also,,,if you get it to market...what is your guess that the price of your stock will be at?
Now imagine if Eric answered these questions by saying this” Well, I’m pretty confident we will get FDA approval, but my concern is we may not be able to change the medical insurance companies without a long time going by. And this is the only real way our product will take off. No doctor’s are going to buy our product in high volumes unless they are required to. So because of this...I think our stock price is going to struggle for a couple years....
That would be very discouraging if that is How Eric thinks off the record.
But now imagine if Eric answered these questions by saying this”
Well, I am absolutely sure we will get FDA approval. And I am equally confident the medical insurance companies will get on board. We have already been talking to them and they so much want to adopt this because it will save them huge amounts of money. Also, it will do more to reduce heart attacks and strokes than all the cures out their. And ounce of prevention is worth a pound of cure. So people selling now are crazy...just a matter of time and our stock will be sitting..at 1 dollar in my opinion.
Well..this would be so encouraging...wow...I would load up like crazy. But we don’t truly know how Eric Willis and the rest of management FEEL....right now. They don’t give reassurance. Thats what I want is reassurance...not from other shareholders but from management. Then I will feel more confident.
