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Only insolvent if everything became due and I do think they are toying with expenses, but in the other way. They were close to a profit in summer of last year (-$56k). Since then they have more than doubled revenue, but somehow their further from a net profit. I believe they are using expenses to suppress the stock price, buy back shares at a low price like they did a while back (I think they bought 800k shares back)?
They have enough cash coming in to handle short term expenses, thus I don't consider them insolvent.
Never mind...i just realized the FNDPennyStocks is the user's name for the post lol
I think we will get excited well before 100. Somewhere in the near future they should break even and then it will get a significant boost. Additionally, I expect a huge boost if their implant receives approval for opiod addiction treatment. Plus, in the future they can raise prices and get results cause insurance will want to pay for it, assuming their lower proportion of patients that relapse holds.
I think we'll see dollar territory long before that :)
Swear word dictionary: http://www.noswearing.com/dictionary
Nowhere in there will you find the words jesus, flippin (flipping), or christ.
Additionally, per the rules of posts in terms of service:
1. It was a post about the stock, i.e. not off topic
2. It contained no profanity
3. It was not about another user
4. It did not contain any content that violated any of the other rules in the Terms of Service
Technically I could remove your post as yours violated at least 2 of those rules.
This one would also be removed for being off topic, but I try not to stifle freedom of speech if it isn't flagrant.
After you have had a chance to read this I will probably delete both posts as they are off topic :)
Also, you need to realize the environment you are reading / posting in. This board is not your private personal property, we aren't in your home, etc. This is a publicly accessible message board on the internet.
I disagree with this stock being just a pump dump thing. I think it is still a real company, but I am curious to see what happens with the distribution agreement (how much the "distributor" gets, which is fresh start management - i think that is how they intend to make money and it could possibly screw us out of a lot of money).
.062?! Jesus flippin christ! What is going on here :(
If it falls under 5 cents i myself will be buying some more, but I just don't understand the drop
I just don't get how we haven't posted a profit yet. Almost a year ago they were JUST $56,000 shy! Since then we have increased revenues by millions and yet somehow with each passing quarter we are FURTHER away from breaking even. [insert expletives / qbert linguo]
I think mid Feb if I'm not mistaken.
Agreed. SO BORED! Too quiet :(
We aren't likely to see any real movement until they at least break even. Until then it is hard to put a pin on how much debt they'll be buried in.
That's huge!
A big big market such as Chicago and on a tv station. We're definitely picking up steam! I feel much better about our timeline from here :)
I definitely think we'll break $1 by the end of 2015. I know Goldman said 20 cents, but they also used a conservative multiplier and we're in penny land with huge growth potential. The biggest growth potentials that are not in the Goldman report are the opiate treatment approval and the weight loss thing we saw a while back. We might get FDA approval and be a preference over gastric bypass or an alternative for those who cannot get gastric bypass / who don't want to do that.
I was literally about to post that lol...beat me to it :p
We're all optimistic or we wouldn't still be here lol :P
I think honestly the 20x revenue projection in the goldman report will be crushed. People will probably look very quickly at their 2-3 year game plan and project 40-100x from that once they break even. Even at 100x, they will still continue to have fast growth as they're adding in more uses for their implant / gaining wider acceptance. Plus, they are adding more clinics each day. Thus instead of $22.8 million in 2016, people will probably multiply out the expected revenues for 2017 or 2018 by 20-40 or even 100x since they'll be expanding and adding many more approved uses for the implant so quickly.
That's my belief. I wouldn't be entirely surprised if this is a $20 stock in 2016. $1-$10 by the end of next year.
That'd be awesome and I think we will ONCE we post a small profit! From there everyone will feel significantly safer, we'll get to the $5 range soon enough and institutional investors will start tracking us and buying :)
I think $10-14/share is very possible by the end of 2016 :)
200M shares x $14 = $2.8B
$2.8B / 40 = $70M in revenue necessary
If we get more clinics than expected up, a raise from the insurance companies, stay full, and get the approval to treat opioid addiction then it seems very doable :) $22m projected revenue from the goldman would become double just for having opiod treatment capabilities, and an increase in the # of clinics + payout = maybe 20% more than expected? = over $50M...close enough. That 40 multiplier could be 100. A multiplier of 50 instead of 40 would take it to over $2.8B :)
What about the break even point? Did they mention when they will have a net profit? Any indications?
Are they doing anything to raise the prices? Are they going to go back to owning all the remaining clinics or continuing to franchise out?
Thanks :)
Also, any chance they mentioned where a transcript of the meeting could be found (or recording)?
Is that what was said in the shareholder meeting?
General Market coorection...all prices go down a bit + no demand just yet
That would be awesome if you could get some pics!
Thank you!
Insider sold 130,000 shares (Dr. Jorge Andrade). I think this would explain the drop, but since he still owns almost 11M shares...not sure it means much.
http://www.americanbankingnews.com/2014/09/23/insider-selling-biocorrx-director-sells-130000-shares-of-stock-bicx/
They recently announced their plans for expansion though, so that will hopefully help it :)
http://seekingalpha.com/instablog/28067573-adbeeston/3296495-biocorrx-unveils-expansion-plan-for-its-addiction-treatment-program
Really like your post Dream, but I just don't get our share price. I really hope we post a profit soon.
I guess just in a holding pattern until the next 10Q in mid Nov.
The natural response to great news, such as more than doubling your patient load, is to have the stock price dip by 13%. One of these days...
Why can't it be out already :(?
That is not even $800k per store and does not include the COGS. Then tack on Manager, Asst Manager, multiple store clerks, rent, insurance, G&A, fringe benefits, etc.
Cost to restructure, cost to renovate the way they want, interest on debt, and on and on it goes...
Also, based on the trend, you are losing revenue each day compared to the day before and it will accelerate significantly if people aren't sure they can make returns or get help with any issues, etc.
They're done...they're toast. The only question is when and how can you profit from it :)
Thank you :)
I know that is the eventuality, but in the short term I am not sure what will happen (to the stock price).
Could you expand on that :)?
Yes...In my rush I very quickly glanced over some information and grabbed the wrong figure (then messed up my math...)
And I wasn't asking about the Amazon deal, I meant funding from anywhere (UBS / SG, etc.)
I never thought a deal with Amazon was going to happen. It would cripple Amazon.
...I should probably focus on one thing at a time :-x
Good catch. And yes unrealistic.
I dont' think Amazon has any interest either. You'd be paying extra for nothing (imo). Plus, retail lessors are easier to negotiate with when they are actually feeling the pinch rather than expecting a pinch ;)
Most importantly, you would rush a business plan and implementation if you want to have it in place by the holidays.
Very possible.
Do you think they'll get a deal?
I think in the long run the stock is dead. Just a question of what is happening in the short term since most of us are essentially gambling upon it :)
Book value (3B) * .75 * a premium for amazon = valuation of maybe 2.5 to 4B? / 100M shares outstanding = 2.50 to 4
100% agree
Book value * about .75 (maybe .5) = way more than $600M. I think their book value is around 3B?
However, I think they could use 1-2B more effectively since they would then be on the hook for all losses RadioShack takes on from that point onwards. Let RadioShack die...then go talk to retailers who have a relatively small space in a tough retail rental market and negotiate the living hell out of them :)
THAT sounds like Amazon!
CFO left...
Why wouldn't Amazon just negotiate a deal with the retail spots on their own with a better rate, not commit to 5000 stores at once, and pay extra for "good will"? Doesn't seem like a very Amazon move...
The short squeeze, price, bid size, volume, etc. all point to a short squeeze. I.e the bid is real, BUT it is because larger investors / institutional investors are cutting their losses and closing out their positions. It works the same as a pump unfortunately, so yes 1.03, but short-term and then kaput :)
Biggest indicator to me is that we have 150% of the DAILY volume from the past 30 days and markets have only been open for 2.5 hours.
Technically a deal could come in, but it wouldn't be good for common stock investors anyways. It would probably shaft them as part of the deal :)
They will probably declare bankruptcy shortly after the holiday period. Soak up cash for major retail period and then use that to restructure themselves during the bankruptcy and/or pay off lenders, preferred stock holders, banks that got them through this period, etc.
Common stock still at 0 target in my opinion :)
SHORT SQUEEZE.
Short Squeeze - Told ya :)
Just the short squeeze
It is possible that it means a deal is going through or it could mean that this is the short squeeze and institutional investors are trying to cash out while they still can (with some investors taking advantage of it and squeezing the price up).
NOW THAT should get us some much needed good press :)
1st half of 2015...should post a profit...then we'll fly! Remember the goldman research did a conservative 20 as a multiplier to get $.40.
In this low of a range, with the expected growth for any company starting out, etc. it'll easily be 100x :)
This stock's inability to move bothers the crud out of me! On the plus side, they seem to be ahead of schedule with the # of clinics and the clinic openings. Hopefully that means that 3rd quarter will bring positive results and a freaking break even!!!
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