Lexagene Holdings Inc LXXGQ

Mass testing on an unimaginable scale.

[letsdoit]

Hello everyone, couldn't resist having a little look how my little diagnostic Company is doing and if, (it's a very, very BIG IF) LXG get thier act together, well there's gold in them hills on an unimaginable scale.... https://www.marketwatch.com/story/how-mass-testing-is-the-only-way-to-return-to-normalcy-but-bottlenecks-and-questions-persist-2020-04-22?mod=bnbh

[Stockaceuno1234]

Tick tock

[007dave]

Agreed. I'm guessing Lexagene would need to produce thousands of units in order to supply potential demand. Don't forget people that the money is not made on the machine itself, they could give them away. The recurring revenue is made on selling the test strips for the machines and the margin on these strips is huge.

[letsdoit]

007Dave try millions instead of thousands, I believe the global demand for this service will run itno the tens of millions, on a weekly basis, (if not daily) forget thousands that won't cut it, i realise that is difficult for us all to comprehend but this is my belief, i sincerly hope that LXG can get just a 10% share of that future market, that will return all LXG investor's a truly huge

[007dave]

You are correct letsdoit, but we have to crawl before we walk then run. So let's start with just one machine produced cause right now we are at zero.

[letsdoit]

I have to agree with you there, let us get that first one into the market ASAP, is there any news on manufacturing timeframes? or is it the usual "we're gonna do this and we're gonna do that" press releases?

[ragb7002]

What's wrong with making money on the machine also? They are in the scheme of things not very expensive. If you plan on selling at cost, not good business! With what the machine can do,I would be willing to say folks will pay big bucks for the machine.

[007dave]

Nothing wrong with making money on the machines but i don't think you understand where the bulk of revenue comes from. The revenue from supplying the strips could be in the 100 times or even 1000 times what the cost of the actual machine is depending on the life of the machine. Imagine if you get a car for free but have to buy four new tires every month and only from the manufacturer and they

[Investor62]

You can also do an example on the test itself – the cost is as per LXG $ 5.00 while it could be sold for $ 50.00 in the health world – one machine can do 48 tests a day – perhaps 10’000 tests a year brings around $ 450/k revenue – under that circumstance I am more than happy to give the machine for free to as many users how buys the 10’000 tests

[ragb7002]

48 tests a day every day???

[TanzaniteMotherLode]

Prime Minister Trudeau giving a press briefing says testing testing testing is the what is needed............it's a perfect world for LXG, it's a perfect world.

[ragb7002]

Excuse me, I most certainly do understand sir.( Retired business owner) You have to manufacture and sel a lot of machines to come up with your numbers. We haven't sold one machine to the vetinary industry. What not? Successful tests were done months ago!!