They haven’t used any of the Northbridge Funding... it’s an open line of credit that is at their disposal.
We have discussed this topic in the past already.
As shady as those people may be, or as you feel they are, that is how the micro cap OTC world works. BICX needed to get funding in the past however they could. But they have proved to have been able to break the mold of using shady investors. And by the way, just cause a company uses shady investors, it doesn’t mean the company is shady, it just means they took money from a shady investor.
I don’t like the Northbridge deal either, but since that “line of credit” deal was put out in a 8k, I don’t think BICX has used that line of credit at all. So it’s actually a moot point. It would be one thing if they actually took their money, but prove to us to this point that they have take money from Northbridge... to my last time I researched the topic they had taken none. Also, BICX has proven to have been able to get money from grants and other investors with better reputation.
This Northbridge topic is a scare tactic I see time and time again. Certain shorts know nothing about an OTC company but know how most OTC companies stay afloat and how most OTC companies write out their 10ks. The shorts then go and cherry pick the 10ks for the hot button topics that can scare investors. Truth is most OTC companies are not SCAMS, but they are just companies that fail so they have to make deals with the devil, or “shady investors”.
BICX has proven to have turned their ship around in turns of short term funding. They still are not profitable and have terrible financials. That is not up for debate, but their short term funding can get them through the next few stages of the FDA process, so that is all that is needed.
I’m not invested and have no plan on investing any time in the near future. My reasons have been expressed in the past and I feel no reason to reiterate why I am not going to reinvest. But I felt I should comment on this Northbridge issue since I already looked into it a lot.
Good luck to all the Longs, BICX is a good company that is trying to pursue CEO Graniers dream. Don’t let people change your opinion on that.
