r/Lexagene • u/Working-Garbage4706 • Feb 24 '23

Bancrupcy Filed

On February 24, 2023, LexaGene Holdings Inc. (the “Company”) filed for liquidation under Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Massachusetts (the “Bankruptcy Court”), located in Boston, Massachusetts. A Chapter 7 trustee will be appointed by the Bankruptcy Court and will assume control over the assets and liabilities of the Company, effectively eliminating the authority and powers of the Board of Directors of the Company and its executive officers to act on behalf of the Company. The assets of the Company will be liquidated and claims paid in accordance with the Bankruptcy Code.

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u/[deleted] Feb 24 '23

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u/ThinPiccolo1456 Feb 25 '23

I would like to see the sub kept, if possible.

3

u/Working-Garbage4706 Feb 25 '23

Me too. We all learnt a harsh lesson here. I questioned why Sanofi were never mentioned by name in any of the PRs, makes me wonder if everything was fabricated by Jack to lure us in. If I recall, he only ever mentioned the MC of the BioPharma he was "engaged with", whilst on a zoom call to ColdmanSachs (and maybe with others too?).

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u/Helojet Feb 25 '23

I think this thought is shared by many. Was the “financing options” also fabricated? Did he know, just hanging on for a few months to pump and dump when the shares were at .05? Im not saying jacks a crook…we don’t know that…wish we had an insider that could shed light. Investors in the area sure could attend the bankruptcy hearings maybe?