Lexagene Holdings Inc LXXGQ

Number of machines

[ragb7002]

IF JACK HAD TWO AND ONE AT HOSPITAL, HOW MANY IF ANY AT FDA FOR TESTING? SOMETHING FISHY HERE. NO MENTION OF FDA AND OUR MR ANDERSON. WE WON'T BE GETTING APPROVAL ANYTIME SOON AS FDA HAVE NO MACHINES TO TEST. BY JACKS OWN ADMISSION THEY JUST FINISHED REFINING MACHINES. THEREFORE JAN/21 AT THE EARLIEST BY MY COUNT. JACK IS A BRILLIANT SCIENTIST BUT NOT A REALIST JUST MY OPINION FOR WHAT ITS WORTH. HAVEN'T SOLD ANY SHARES, IN CASE I AM WRONG AND TANZER LODE IS RIGHT

[007dave]

From my understanding from the clinical trials they then submit that data to FDA, so FDA does not need a machine. But I agree with the rest of your points. Unfortunately the news flow out of LXG is pathetic so we have no idea what Mr Anderson is accomplished or FDA status.

[ragb7002]

Thanks Dave. Then if the start of the ballgame is from NH trials we are a bit late in submission. We can expect an approval not anytime soon then. Board is quiet, guess some of the wind in the sails has died down now.

[007dave]

Wouldn't hold your breath. Hopefully they get some news out about vet or food safety sales and give the stock a boost. Then if they get EUA in the fall would be icing on the cake, those two things fall into place it could well be 2 to 3 dollars by Xmas

[ragb7002]

Need to sell 900 units per year @$10,000 contribution to cover overhead assuming 9mill OH/ YEAR. THATS 4 PLUS A DAY. DON'T THINK SO AND WE ARE LATE IN THE GAME. LOTS OF TESTS AND VACCINES IN THE PIPE.

[007dave]

You're forgetting one thing and that's the ongoing revenue from the cartridges. So let's do some easy math. Say they have 500 machines and they work an 8 hour day 7 says a week. And then let's say they are making about 20 dollars on each cartridge. So we get 500x8hours x 20$ x 365 days = 29 smill a year. Ruff estimate but you get the idea, ongoing revenue from cartridges is where

[letsdoit]

Are you summising that the 500 machines you are talking about are manufactured right now because that's a $10 million spend and as far as I can see they've got nowhere near that amount of.money left in the Pot by now, Rebeck will see to that, however, if you are saying 500 over the next year then you're math is wrong on the recurring cartridge stream will then be wrong, it's like I

[letsdoit]

if they were to manufacture 500 right now (which they cant) I would accept your math, otherwise it's a slow gradual build up to that number which means that you're figures are incorrect, I think they'll get out maybe 5 or 6 month and 2 wait for a revenue stream, build another 10 or 20 months 3 and 4 and so on

[ragb7002]

Then chapter 11 or 13

[BigBagofWeed]

Thats called the " RAZOR BLADE SYSTEM "

[TanzaniteMotherLode]

Here's another beauty.  If you thought it was letsdoit, you'd be wrong.   I'll tell you again.  Letsdoit and ragb are the same person writing those posts.  He does it over on yahoo with stan and tony.  This is a common strategy of shorts. It took me awhile but I figured it out and now watch their posts from here on in.  Letsdoit is the main thread he

[ragb7002]

Sorry not my post period!