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Lexagene Holdings Inc 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 > Canaccord
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Post by Maverick2020on Aug 20, 2020 1:10pm
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Post# 31434427

Canaccord

CanaccordCanaccord will own about 11M shares after this new round. The total authorized shares will be roughly 110M. They cannot force any sale of the company. Rebeck is greedy, if anything. He and Jack are not going to settle for any sale that doesn't bring in a lofty premium. I believe in one of the pump videos he stated that Cepheid sold for $4B and Lexagene's tech can do far more.
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