Lexagene Holdings Inc V.LXG

"The share price should increase respectively"

[TanzaniteMotherLode]

Folks another list of important points about LXG:  1. Sell-off early in year was due to pivot to COVID (shift in priorities).
2. Sell-off mid summer due to exercise of warrants.
3. Recent sell-off due to delays and investor sentiment around those delays.
4. 10 units fully built & ready to deliver within 3 days (timing of delivery is very very soon).
5. Fine tuning of units includes many things such as: optimizing for shipping, creation of owners manual, etc.
6. The units are working with no issues (just optimizing being done, point 5).
7. Jack & Darell recently exercised USD +200K of options (good sign as they were about to expire).
8. Director systems integration is effectivley someone who speaks all languages (department to department). Essentially a high-level engineer.
9. Burn rate $500K US a month.
10. When new financing is required uplist is a preferred method (would consider debt too but debt usually attracts a conversion/dilution feature).
11. There are units (for vet space) to be shipped (very very soon) to key opinion leaders (abouit 5-6 organizations/people). These leaders will likely be customers as well as (effective) marketers of the product.

Summary, the company is going to be selling soon but don't expect a million sales out of the gate. The sales will start slow and pick up as the word gets out. The share price should increase respectively.

The above was taken from the yahoo messages board