Lexington Biosciences Inc. (LXGTF)

[Tiredofbanks]

I dont think thats what its saying. Its saying the people that loaned the $744k are getting a demand loan which means they can demand repayment at any time, and to compensate they are offering them Warrants instead that they will have up to 2 years to exercise the option of making those warrants into common shares at a value of .05 cents no matter what the stock price is at the time they decide to exercise them. So if say the stock went up to .20 cents they could still take their shares at .05 cents and profit .15 cents if they sold them at .20 cents instantly (per share) The amount of shares they can get at .05 cents add up to the demand loan amount of 744k. So they either demand the money or take the shares depending on how the stock would be doing. This will hold off the current money they are in debt. What they do from this point on is the question to advance the Heart Sentry and possibly the stock. Sell it? maybe. But they must be trying to do something with it for the lenders to agree to the possible warrants as an option. Still a crap shoot as to what will happen.