Lexagene Holdings Inc V.LXG

Primary Symbol: LXXGQ

Healthcare Medical Devices

Lexagene Holdings Inc. is a molecular diagnostics company engaged in researching, developing and commercializing automated genetic analyzer devices in clinical and life science industries. The Company is focused on developing molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, and for use in open-access markets such as food and water safety, clinical research, agricultural testing and biodefense. The Company's MiQLab System is an automated, open-access molecular diagnostic system for pathogen detection, allowing users to test for multiple pathogens onsite, returning results in approximately 2 hours. Its MiQLab System is an automated, multiplexing polymerase chain reaction (PCR)-based system designed for syndromic testing in human clinical diagnostics and veterinary diagnostics, as well as food safety testing, and open-access custom testing markets.

GREY:LXXGQ - Post by User

Lexagene Holdings Inc > Just keep buying

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Comment by EduardoSanchezon Apr 29, 2020 9:18pm

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Post# 30969376

RE:RE:RE:RE:Just keep buying

Lexagene just announced ammendment to warrants last week. They should have an additional 2.65 million CAD coming in from these .60 warrants. In addition there are .75 warrants that are now in the money and these are 9 million CAD worth that could be exercised.

Cash position as of April 1st was 3.5 million USD with current monthly burn rate of 400k.

May will be bring some major catalysts that will drive price appreciation. Cash is not a concern at this point.

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