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Bullboard - Stock Discussion Forum
Lexington Biosciences Holdings Corp
LXGTF
Financial Services
Asset Management
Lexington Biosciences Holdings Corp., formerly Lexington Biosciences Inc., is a Canada-based medical device company, which core business is to develop and commercialize non-invasive diagnostic product HeartSentry to monitor cardiovascular health by assessing the function of a person’s vascular endothelium - the vital innermost lining of a person’s cardiovascular system. The device measures the...
function of the endothelium, the cells that line all arteries and are critical to the prevention of atherosclerosis, heart attacks and stroke. The company is in the final stages of releasing the developed product for clinical studies. The Company's goal is to make HeartSentry accurate, quick, and cost effective so it can become the standard of care for cardiologists, general practitioners, and ultimately patients for first line evaluation of a person’s cardiovascular health.
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GREY:LXGTF - Post Discussion
Lexington Biosciences Holdings Corp
> 1 (new) for 10 (old) Reverse Split - A lifejacket?
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CatamaranFund
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Post by
CatamaranFund
on Apr 08, 2019 1:18pm
1 (new) for 10 (old) Reverse Split - A lifejacket?
Now also posted on Lexington site here:
https://lexingtonbiosciences.com/news/lexington-biosciences-provides-update-on-financial-situation/
A little about reverse splits here:
https://finance.zacks.com/reverse-stock-split-good-bad-2298.html
Reverse Splits Aren't All Bad - Not every company's going for fewer shares at higher price points ends badly.
1-for-10 reverse split1-for-10 reverse split
https://www.fool.com/investing/general/2012/03/20/reverse-splits-arent-all-bad.aspx
A reverse stock split is generally considered a positive for several reasons:
https://www.sapling.com/7264923/reverse-stock-split-good-bad
This gives Lexington a chance to survive ( and thrive)
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