GREY:LXXGQ - Post by User
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Investor62on Jul 26, 2020 12:38pm
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RE:$1.5 billion in federal stimulus for testing technology
RE:$1.5 billion in federal stimulus for testing technologyfor me is unclear why they should get some grant money. I hope as this will avoid another financing which would not be in the actual shareholder interest except, they let us participate. Regarding dates - I think Jack mentioned some connection to Washington. More of interest for me is the part of dating (takeover) - you can listen this in the webcast (https://www.youtube.com/watch?v=q2JGHLDhWN4) Interesting is a statement from Jack at around 1:55 where he explained their intention for the dating. This can be a vertical licensing, straight acquisition or a revenue share partnership in helping to manufacture and distribution when the time is right (my personal assumption: he knows the value of the company and is not interested in the quick cash). GenMark (GNMK - https://www.genmarkdx.com/) 1,25B with a margin of 28 % with a cost of the cartridge about $ 50 so they cannot go into the food safety or the open access markets which is huge for Lexagene. Jack admitted that GenMark is selling and FDA approved – both still missing for Lexagene, but he is optimistic to get to marketed with FDA approval by September 2020. I do not think that he will accept any offering at a level of GenMark