GREY:LXXGQ - Post by User
Comment by
Sandman852on Oct 19, 2021 3:17pm
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Post# 34023981
RE:A friend recommended me to this stock
RE:A friend recommended me to this stock Clearly the issue with lxg is their inability to procure sales in any area that the product supposedly has value in. They've failed to get the FDA approval they've been hunting for years now, no vets are jumping on buying their equipment. And that extends to the food and defence areas as well.
The hiring of 4 sales people months ago followed by paying Lavoie 18 k / month for their supposed "expertise " in this market has been fruitless . So what we have here Is the ongoing story of all the potential , the benefits, the multiple industries it can serve, the clear need for the science etc but the problem continues to be the inability to find any buyers . When we ask why the excuses are piled up one after another. Vets take a long process. The FDA has never seen such complexities in a product. We are testing with the defence department but they'll take a long time to decide. And on and on.
Every step that was supposed to move things forward has fine the opposite. I think building these machines in house has left holes in reliability and performance creating more doubt and buyer resistance. Broken promises on timelines have dissuaded investors and even their initial management people have left for other companies. So essentially it's a matter of whether you believe these are all hiccups and will be overcome shortly, or if it's all a bunch of hype that isn't nearly as prolific as the Doctor wiyld have people believe. No one actually knows the answer so it's a true spec stock that can go way up or down to zippo. See what your research concludes