Lesson For New Investors and Penny stocks. 2 years later after my first trade the biggest lesson I learned is how many penny stocks either a. do reverse splits, or b. dilute shares by offering more stock which lessens the value of the stock you already own. THIS HAPPENS A LOT. I repeat THIS HAPPENS A Lot. Of course when I started I wanted to buy 10,000 shares of stock, or in this case 44,000 shares of stock at .09 cents and hope for it to go to .20 or .30. It never occurred to me that by investing in more established companies that traded at $20 to $30 a share that the potential for disasters to happen such as this BICX disaster is not as likely. I am officially done with penny stocks. Just got burned on BIOC that went down almost a whole dollar over the last few days due to dilution caused by a new offering. I got off easy on that one but there are many that got screwed super bad.
As I said before I was drawn to this stock due to the fact that their product would actually help people and Brady seemed genuine. I can clearly see that there is no Mister Nice Guy in stock investing and CEO's CFO's of these tiny companies are in it for themselves and make bad decisions that screw their investors. Anyone on this board telling you otherwise is lying to you. This company will fail due to greed, stupidity and the lies they tell and very few people will actually get that implant. Mark my word. In the near future I can almost guarantee some dilution with a new offering. Reverse split on same day as Grant approval notice. (STUPID) Next will be dilution.(STUPID) I STILL HAVE THOSE 440 shares so I'm not some short trying to drive the price down. I'm down this much , might as well go to zero.
