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No doubt...I got excited when I saw .09...assumed there was news.
Big spread for sure...at least it's to the upside!
I actually loaded up around 7 cents, so that made it even more exciting!
"this" was meant to imply improvement of the formulation and FDA approval
I believe the equipment they are putting together is required to meet FDA standards assuming they get the grant and want to win FDA approval of the formulation. They had been making the implant, that is true, but when they submitted their initial plans to the FDA, the FDA had recommendations for them to improve the formulation.
The grant will help them achieve this through the purchase of the equipment, which they have done, as well as the other approval process steps like clinical studies, etc.
This is my understanding, but someone please correct me if I am wrong.
Thanks.
Currently, I am in software sales...however, I traded on Wall St for over 10 years. So, much of my discussion focuses on technical analysis and trends. There are defintely some good points from many folks on here, but I agree that no one should be absolute in their opinion, because not one of us has any idea "exactly" what is going on. Much speculation, albeit with some educated experience behind it, is still speculation.
You can't have it both ways...no one is manipulating stock price for 2 cents on 100,000 shares, which has been the volume. That's like $2,000. Sorry, if I can't have support with $20K in volume, you can't have manipulation either. Try again.
Not sure how much $100K means to their finances, but it probably buys some time to get them through Jan for Pre-NDA and announcements around that. I do like that this group is willing to potentially pay for the treatment for patients, as well as working with hospitals to pay for it as well...while not large insurance companies or gov't, it is a start. Maybe gets the ball rolling on coverage. Still holding.
InvestorMan - while I have defended you in the past, albeit not agreeing with you all the time, I think your 3-5 cents call is off. I think we have reached a bottom and pretty major support level here. My guess is we settle end of this year between 8-9 cents and then trend upward based upon Jan news.
There are plenty of reasons to doubt management and the financial situation of this company, even most OTC stocks in general...but the fundamental reason we all invested here remains intact. Big problem, good solution.
Here's to a happy end of 2017, and a strong 2018.(I know that probably sounds like a broken record from previous years)
Hey everyone - I only post occasionally on here. I am long for about 5 years. I sold some as we came down from 34 cents, just to cover my initial purchase amount, then bought back in for more as we dipped below 10 cents. I say this to provide not only my position, but also my creds here.
I am not sure of his motive, and it might be to buy cheaper shares or to cover his short position, and I don't really care. However, Thirdeye has been fairly on point when discussing the price action on this stock.
His analysis, while maybe jaded, has not necessarily been wrong. With that said, I do believe we have turned back to the upside. I don't believe we will drop to the 4 cents that ThirdEye predicted. We have had some decent volume the last few days in a sideways market and have crept back up to 8 cents.
My only cocnern is the 50DMA dropping below the 200DMA on the chart. If we can not move back above the 200DMA, it might hover here for awhile.
Maybe we get some decent news on FDA update for injectible, or maybe we continue adding clinics, I am not sure. I do believe that the opioid crisis has opened the door for many smaller pharma companies to win in that space. BICX is one of them. I know we all dream of a day when we see $3-$5 a share, but in reality, it is a long shot. However, I do believe we can easily see 50 cents to $1 a share within the next 12-18 months.
I know commenting on boards and arguing are among the favorite pastimes here. That said, let's cut down on the rhetoric, stick to sensible arguments and enjoy the ride. There is room on this board for factual disagreement.
However - an occasional rant is ok - since it is entertaining at least.
Enjoy Labor Day Weekend. Pray for those in less fortunate situations than yourself and for God's sake, go have a drink. It is almost 5pm on the East Coast!
what was with the quick spike above 10 cents this morning on like zero volume. Wasn't like we were filling a downward gap or anything. Anybody have any thoughts?
Honestly, her response just validates 3rd's contention, and I don't like agreeing with him. They are being paid salaries and also consulting fees through 3rd party "corporations" set up in their name. It seems somewhat shady and a form of double dipping. Why can't they just be paid their salary and that additional compensation together as a larger salary...doesn't make sense. I'd like the explanation as to why these "corporations" are even necessary and set up to begin with.
I am long for well over 5 years, so this is not me switching sides, but trying to remain positive yet vigilant and smart
ThirdEye - I am not going to debate all of your points...some of them make some sense in light of the stock's activity...however, am I to believe that the past 13 trading days, approx 7M shares traded, all in a range of 10-11 cents give or take, is all the work of small buy lots and MMs holding it down with large insider or short selling?
I find it hard to believe that $700K worth of shares over the past 13 days is all individual longs buying in small lots.
I do agree that folks who received shares at 2 cents, and a ton of them at that, may be bailing to recoup some of their investment. That makes sense. But I am not sure your theory holds water at 7M shares.
Any thoughts on that Third?
Ha!! I just went and bought 100,000 shares based on your post!
GO BICX!!
listen - everyone's favorite pastime is making predictions and then coming back to say "I told you so" when they are right and disappearing when they don't come true. That said, a board with only cheerleaders is not exactly legitimate either. Some folks post info based on DD, some post their opinions, while others even post things they wish will happen. I gotta be honest, I don't believe half of the folks who say they got email or phone responses from Brady himself.
Here is the point of all of this drivel...none of us "amateur" investors are going to be the reason this stock goes up or down. If you think your 200,000 shares or even your 1M shares are really driving this stock, then you are just kidding yourself.
You either believe that the company or the stock will succeed based on what you know, or you don't. You will either hold through the ups and downs, trade the ups and downs, or decide none of this is worth it and sell your position (hopefully at a profit). Any investor that sells or buys based on a message board posting should probably not be in that stock to begin with.
Let "thirdeyeblind" post his heart away. Be ready to hear "I told you so" if he is right, and also be ready to have him disappear if things happen for the better. But most importantly, do not let any post on this board make investment decisions for you.
I believe the 28-35 days is for the injectible with small needle vs the implant which could be up to 6 months, etc
Not if you want to stay married!;)
I'd also accept whacking, hitting or smacking a particular MM, as that would give us all satisfaction!
Hey all - I know we are for the most part amateur investors. So please don't take this the wrong way. As a former trader, it is just a pet peeve.
One does NOT slap, hit or whack the Offer or Ask. You TAKE the offer.
You CAN however, Hit, Slap or Whack the Bid, which in this case would NOT be prudent. I am just trying to prevent confusion when discussing the actual trading of this stock.
I am holding long and strong, playing with house money up from 2 cents.
http://www.philly.com/philly/health/20160527_FDA_approves_novel_form_of_addiction_treatment__a_6-month_implant.html
Not sure if this will be trend, or if we are just late to the market, but this is exactly what we needed. Not sure if it is exclusive, but maybe we can get caught up just by association. Wishful thinking!
That, plus the spread tightened dramatically, which is always nice. Maybe we are in line for another paid endorsement, which will pop this up for a few weeks before another long slow ride down. Only problem is that the "pops" seem to stall out quicker and quicker, and at lower levels. Would love to see this thing trade above $.10 again soon.
10-K is out...nothing earth shattering. Pretty much what was expected by everyone on this board.
http://www.sec.gov/Archives/edgar/data/1443863/000147793216009752/bicx_10k.htm
Deadline is actually today. They have 15 calendar days to file from the March 30th deadline. Only reason the deadline is the 30th for the 10-K this year instead of the 31st is due to leap year. The deadline is normally 90 days after the end of the reporting period for the 10-K. becasue of the extra day in Feb, the deadline moved up to the 30th in March instead of the normal 31st. So, hopefully, we will see that filing today...and with some decent revenues!
See article from USA Today...Not sure if this is good or bad, but awareness of implants on FDA radar can only help. At least get insurance companies to take notice and maybe force approval for these types of procedures.
http://www.usatoday.com/story/news/2016/01/12/implant-aims-help-addicts-stop-using-heroin-prescription-painkillers/78677618/
Doesn't 10-Q come out today? Not expecting anything drastic, but at least file on time.
Normally, I am very conservative person, but 2 things excited me about this filing...
1. It was filed on time! (no 10K-NT)
2. Results, while not mind-blowing, show progress in a couple of areas, most notably, revenues, patients served, and most importantly in my opinion, their total Net Loss is lower. I know some of that is due to the retiring of certain debt, but that trend excites me.
Due by 3/31...so next 7 business days.
Think it's due March 31st...reason they have filed their 10-K on April 14th/15th the last 2 years is because they have filed NT 10-K, which basically states that they will not file on time. I still think it is technically due by the 31st of this month though...unless they file for another extension.
Has anyone else seen the commercials for those Malibu Receovery Clinics for opiod addiction on TV during NFL games? Are they direct competitor? They are touting similar type of treatment, at least in regard to the consulting side of it.
Does anyone see a potential reverse head and shoulders chart play...looks like if we hold the .09 level and can break through the .15 resistance, we should be in for some nice gains...thoughts?
Keep in mind folks...every time a stock gaps up or down, MMs will work to fill the gap over the next few days. We jumped on Monday from 9.8 cents to well over 14 cents. The MMs are just filling the gap at this point. There is obviously some strong support around 10 cents right now. From a technical stanpoint, I wouldn't sell any shares unless the 10 cent mark gets breached. JMO though!
This 10-Q/A was filed due to the new reporting requirements of XBRL (eXtensible Business Reporting Laguage) that companies must file. Smaller companies had to detail tag their financials for the first time starting with their Q2 of 2012 filings. Many companies used a "grace period" of 30 days afte their due date to complete the XBRL requirement. Hence the 10-Q/A filing.