461Nova
Posted - 1 month ago
$LXXGF Shareholders are not technically creditors of the estate. They hold equity interests in the Debtor and receive distributions only in the event that there are surplus proceeds after payment of all allowed claims in the case, with interest. Lezagene shareholders are equity holders of Lexagene Holdings, Inc. Before any distribution can be made to the shareholders of Lexagene Holdings, Inc., all pre-petition obligations of Lexagene, Inc and Lexagene Holdings, Inc., must be satisfied in full. Once I completed liquidation of estate assets in mid-2023, and based upon the amount of claims filed in the case, it was apparent that there would be insufficient funds on hand to satisfy the claims filed in the Lexagene, Inc. case. As a result, it was also clear at that time that no surplus funds would be available to pay Lexagene Holdings, Inc. claims or to make distributions to shareholders of Lexagene Holdings, Inc.
461Nova
Posted - 1 month ago
$LXXGF From John the Ch7 trustee. As you likely know, the Bankruptcy Code provides for equality of distribution of all available funds to similarly situated creditors. It also provides for a priority of distribution among different classes of creditors. I like to think of it as a ladder. Each class of creditors represents a rung on the ladder. All creditors occupying the highest rung must be paid in full before distributions can be made to members of the next rung, and so forth until there are insufficient funds available to pay members of a particular rung in full. At that point, each member receives a pro rata distribution (based on the amounts of their claims) of all remaining funds. Once the funds are depleted, no further distributions can be made.
461Nova
Posted - 1 month ago
$LXXGF The word "accounts" in my previous post should have been "accountants". John says his letter satisfies accountants that the IRS will accept it in order to write off the LXXGF investment.
461Nova
Posted - 1 month ago
$LXXGF I have been in contact with the Ch7 administrator. John has informed me that LexaGene has been delisted from the Canadian stock exchnge TSX because they no longer met the requirements. That has not happened here in the US on the OTC. John is saying he has no ability to request the OTC delist LXXGF. He has written a letter that satisfies accounts so all investors can write off the stock to zero. I can try to post his letter but it may be too large for all of it to be posted. I will send it to the people on our email list as well. John said the largest share holder was Merician who owned 18,500,000 shs and they were satisfied with the letter in order to write it off. So was Jack and Jeff.
Brobren
Posted - 2 months ago
$LXXGF This is all bullshit! Look at how they promote their product; the same as they promoted before with the same Big Bio Pharma prospects and even referring back to the MiQ 1 as they call it. What happened to the liquidation? They are at the same location with all the same equipment. Who is to say that the same employees weren't given a severance to get them from the LXXGF INC to Lexagene Life Sciences. They say the majority shareholder set up this LLC. How did they do that without us shareholders at the time being aware of it. So rather than get financing or selling us to a possible buyer, Jack elected to screw us and take some leadership role. They are even working with Livermore Institute still. So does Meridian own it now? If they had done everything they could have, I would just have accepted it as a bad investment but I hate being intentionally screwed by a guy who would take time out of a conference to take your personal call. I guess to promote the company!
HungryApe1
Posted - 2 months ago
$LXXGF
461Nova
Posted - 01/29/24
$LXXGF So what has to happen is the company has to be delisted. Then the total loss will be shown on our 1099's. It's the only way your broker will be able to show your loss. We all need to send Jack emails at his new company and request him to get LXXGF delisted. https://lexagenelifesciences.com/ Send your message to investor relations. [email protected]
461Nova
Posted - 4 months ago
$LXXGF Apparently the SEC here or equivalent in Canada needs to delist the stock before any of us can show it as a total loss. We need to push those agencies to delist LexaGene. I'm told the brokers hands are tied until that happens.
essian
Posted - 4 months ago
$LXXGF What is going on, are they back I see that its worth 8 cents, but they i cant sell
cadler60
Posted - 11/30/23
$LXXGF when can we write this off?
SkoalSoldier
Posted - 5 months ago
$LXXGF they actually replied to me 😂
Bull4ZOM
Posted - 5 months ago
$LXXGF If you are doing some DD and came across this site- don't fall for the new scam. Look up what happened here. Stay the F away from anything Jack is associated with.
Solfer
Posted - 5 months ago
@FedFud64 @Alexhere @Soheil444 @Miha241 @LoneWolfed_One @Mircadius please don't give me $LXXGF vibes Fed... That one still stings 😞
cadler60
Posted - 5 months ago
$LXXGF fool me once,shame on you
cadler60
Posted - 5 months ago
$LXXGF it looks like they filed chapter 7 took whatever money was left and started lexagene life sciences,... this aint right!
cadler60
Posted - 5 months ago
$LXXGF Investor Exclusive Stock Opportunity - Preferred Liquidation Rights As an investor, you are purchasing common stock of LexaGene Life Sciences CF Investors, Inc. which will make a capital investment in LexaGene Life Sciences, LLC in exchange for Class A Common Membership Units not to exceed 12.5% of total ownership. Your Class A Common Membership Units provide you with a liquidation preference over other capital previously contributed to LexaGene Life Sciences. Meaning any cash generated by LexaGene Life Sciences, LLC, either from operations or from a capital event will FIRST go to repay all class A Common Membership Units initial investment before any other investors receive cash distributions.
ColdmanSachs
Posted - 5 months ago
$LXXGF new website is live with a new investor relations email
_Osmium
Posted - 10/31/23
$LXXGF Un F N believable. This a hole, Jack Regan, files chapter 7 earlier this year, causing investors to lose every cent they put into it, and has the audacity to start up again a mere 8 months later?!! SEC should mandate a minimum 5-year hiatus to any c-suite individuals filing chapter 7 before seeking investor dollars. Get on that new site and remind potential investors of just what type of scum bag Regan is.
SkoalSoldier
Posted - 10/31/23
$LXXGF the newest website is live now, complete with an “investor” section 😤. It even has space for comments. https://invest.lexagenelifesciences.com/?utm_source=dmrlexagenelandingpage&utm_medium=corporatesite&tnames=corporatesite
YOLO13579
Posted - 10/31/23
$LXXGF
ColdmanSachs
Posted - 10/30/23
$LXXGF surely we can convert our shares into the new company
SkoalSoldier
Posted - 6 months ago
$LXXGF Wonder why the website looks like this, instead of “sorry, we’re closed”.
Solfer
Posted - 09/30/23
@BiotechBetsAll Nothing unusual. $LXXGF ch7'd in Feb and the ticker board's still open...
Yarrow
Posted - 8 months ago
$LXXGF Get em high on the dreamer's dream.
Deepest_Effing_Value
Posted - 10 months ago
$LXXGF Jack and team stole money, lied and then quit. Writing on the wall the last two years ever since Jack lied about EUA submission with company video.
cadler60
Posted - 11 months ago
$LXXGF Anybody have any luck with the Massachusetts SEC…, they told me to contact Pennsylvania SEC?…, The company is based in their state!
Super5Investments
Posted - 11 months ago
$LXXGF Jack the Ripper
461Nova
Posted - 11 months ago
$LXXGF Jack still livivg in the Hamptons. Screwed us with ch7 instead of ch 11.
Cof
Posted - 11 months ago
$LXXGF the biomechanical engineers working at Lexagene were offered new jobs by other companies days after they were layed off. There was no way Jack could have kept those people on staff without substantial amounts of money coming in.
