Learning how to do the "next right thing" is a fundamental in any recovery program. I just started dabbling in the stock market a few years ago. I couldn't make sense of a chart or a financial sheet if my life depended on it. Still can't. I still read as much as I possibly can on any company I am considering investing in and do my best to make the best decisions when it comes to hitting the "buy" button.
I made some money with AMD over the years. I am in front of a computer twelve hours a day at work and that company provided a product that I use on a daily basis so I was somewhat familiar with the industry.
Same goes for BICX. I am not an Opioid addict but an alcoholic so I can relate to the product, the problem, and the need. Thinking that I was doing the right thing, I accumulated 45,000 shares with the hopes that the grant money would come, the product distributed, people would get the help they need, and I would make some money.
This is where I am stuck because I do not see how a reverse split is going to benefit any shareholder in the near future. 52 week high was .28 last January. In my head this whole time , I am thinking this is going to go to at least .30 when the announcement comes. Nice little profit.
Now I suddenly own 450 shares at 6-8 pps. You all know where I am going with this. This stock is going to have to really take off on Tuesday in order to get the same returns I was going to get without a reverse split. I don't see it ending well. So much for doing the right thing and investing in a good cause.
I am still happy for the folks that will get the help they need though. If anyone has a positive scenario that they think may play out I would love to hear it. Peace Out!
