Anyone know when Lexi new shares will be converted at hit the market. Yahoo financial still showing 246m
dbatcl
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On the bright side, Lexi is rated a strong buy on Nasdaq.com, with a low target of $4, consensus of $6.33
I think that low number has gone up recently from $2.50 If memory serves me
Honestly I’ll take the low of $4, that will double my money and then I can sell half and let the houses money ride through LX9211 fate, which ultimately I think the most important driver for all .
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If we get a new CEO with they same level of experience as we got with Tom, when they announce new coverage ( they said it was coming really soon) the new shorts may regret entering this trade.
Also, when they actually file for T1 and when they actually enter P3 for HCM, I would think the SP would pop?
Seems like at least 4 short term mini catalyst could be on the horizon, could be wrong, but at the end of the day, when we enter P3 with Lx9211, I think this SP is going to be significantly higher than today.
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Internally they are messaging more coverage is coming soon, glad to hear consistency with the quarterly call.
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Possible driver of near term SP
CEO announcement very soon would seem very timely given recent $250 m raise ( had to be part over the conversations, no? Coats had his last call and retiring in about 45 days so we should have some overlap with new and old CEO) share holder meeting May 10th, NSM May 13-17, June 1st a key time around new access ( from recent call “ very shortly expecting more coverage”), July 1 mid year point, should have actual T1 submission and actual P3 commencement for HCM. To boot we are sitting at 20 m short with 9 days to cover, I’m not sure sure there is going to be a better reentry point than where we are at now under $2 with all that on the very near term.
Thoughts?
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Also , I believe most coverage news is likely to be announced Jan 1st and June 1st, so we could get an announcement in less than 30 days to fuel their 2nd half sales inflection.
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Next catalyst, a new high powered CEO. Could be this week or next. ( or was Coats departure a complete surprise to Lexi and their recent cohort of investors, not likely) With strong financial backing, a solid COO, and amazing pipeline lined up, Lexi is ready to rip again, especially with 20m short and 9 days to cover. Last time we were at 9 days was mid Jan……
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last time we were at 9 days to cover was Mid Jan…
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May is going to be very interesting,
Lexi has over 20 m short with 9 days to cover.
If your short right now, would you want to hold right now and wait to hear who gets announced as the new CEO?
With backing and a pipeline like they have the new CEO could be someone very creditable and send shares soaring. If I’m short I’d buy back right now, make my profit and wait and see.
I see a bit of a run over the next week or two , could be wrong? Thoughts? Why stay short , ( in May) how much lower would you be waiting for us to go in the short term with the cash and opportunities in front of us?
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A lot stronger company today than in Jan when we had the run to mid $3s, also, pretty sure the recent round in the low $2s, the investors see a path to at least 10x their money.
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Good call, everything seems to be ramping up as expected, more reason to believe now than ever before. Would like to see sales a bit higher, but that will come “very shortly” with “coverage “ broadening significantly”
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Recent $250 m round raised from single company, who is partnering with them moving forward and will place their new CEO, will hit $5 by end of new week, I’m thinking
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Pre market looking strong, the mid term plan is all going to come together today after the close , big new being released today, we will be back in the mid 3s by the end of the week
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Nasdaq.com new consensus is Strong Buy, with price target of 6.33, low of $4 and high of $10
These are the analyst that are on earnings calls and know the company best.
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We are going to see a beat tomorrow, and partnership and with that a new CEO. Shorts know it and are covering today and tomorrow will be even a bigger. The stars are alligning
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Huge capitol raise, CEO seat vacated, earnings call in a few days. Something big on the horizon.
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Coats vacating CEO right after huge capitol raise feeling like some type of partnership is close, sales not going as planned for Impefa, I think they know now they need to partner with a big pharma to get more coverage or on formularies. T1 addition by year end is going to require a larger sales force, and without Impefa sales to support, partnership needed or cash burn is going to be too great. I liked Lexicon in July of last years and since then there has been continuous strengthening of this company, from management to new indication potentials.
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Big things happening this week with Lexicon! Double from here by Friday.
Tons of cash to work with and a great short, mid and long term pipeline!!
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Lexi market cap at $400m, I see a lot of value at this level, $1B I think would even be a steal…
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Nothing logical about this SP, if you are holding some of the 20m short shares, Zacks upgrades this to a buy, there is a 3 hour investor day scheduled in a couple days and the share price is at this level, would you not be running to buy back here? Why risk a serious run up? Logically you would think shorts would cover today and Friday, SP would jump Monday and then short again, maybe. What drove this to mid 3s a few months ago? Why with a pipeline like this is the SP under $2?
Nothing logical right now .
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