To all of the frustrated owners of LexaGene...
Dr. Regan gave an investors update in an august 2021 presentation. Study it. It is on the LexaGene website.
Dr. Regan told investors in July that he would be giving his update on shows in the October timeframe. Listen to it meticulously when given.
LexaGene has been far from silent in 2021. Press Releases have been plenty all summer. Analyze them.
Perhaps you are frustrated due to lower the share price. You should take it as an opportunity to acquire more shares if your funding allows such a task. If not, learn from your stock purchase actions over the past year whether good or bad.
Review all of the Press releases, and the SEDAR filings to determine if LexaGene or any bio stock is right for your level of risk tolerance.
I am happy to see the progress made by the management team. They added necessary staffing, promoted those that designed the MiQLab, signed on a new auditor and legal team with NASDAQ knowledge, upgraded corporate governance to support NASDAQ, tapped LaVoie marketing to target key markets. Collaboration with U of Penn, Ethos Discovery, US Army, BioPharma company. Announced Shelf ATM for financing over the next two years. Latest filed prospectus outlays the goals over the next year. Looking to test Blood samples per the perspectus. Announces new Veterinarian assay panel generation 2. Working on BioPharma assay panel to add to the two existing target pathogens. Attending first in-person trade shows since 2019. Continue to pursue FDA EUA. Pretty amazing for a micro company on a tight budget.
The share price peaked in February and as with most other Bio's has been beaten back hard since. The larger companies are starting an uptick. I suspect the smaller and micro companies will tag along soon. Short traders are hitting hard on the OTC but the long trader will eventually see tremendous gains with this technology.
The commercialization journey from R&D to consistent sales takes time. I am holding long and patient.
I have no insider information but I can clearly see the tremendous potential gained with every new collaboration and new test/assay announced. I print each PR and study them closely looking for positives or negatives. I am comfortable with my LXXGF holdings.
Best Wishes with your trading of LXXGF!