GREY:LXXGQ - Post by User
Comment by
007daveon Feb 20, 2021 1:30pm
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Post# 32619068
RE:POC
RE:POCBeen a long term share holder for three years now and finally sold my remaining shares this week. I basically ran out of faith and patience in the company to take advantage of Covid and bring a machine to market. Missed time lines, lack of news flow and fluffy news releases killed the stock in the summer and fall in my opinion. LXG should be north of 5 dollars by now. I think watching Carol Baskins promo was the last straw for me. LXG is not the only poc machine in development for the market right now. Millions of at home rapid tests kits are now available for home use and other commercial uses, like the film industry. In my opinion the biggest problem I see with Lexagenes machine is the lack of testing capacity. One machine one test one hour. Doesn't work in a hospital or clinical setting unless they have a series of dozens of machines for mass patient testing. Lexagene hasn't even announced a manufacturer yet to supply the market when and if they get approved by FDA for the poc market. I may be kicking myself for selling or I may buy back in as I watch the stock price slowly errode like it has sooo many times in the past.