Tips,
I can't believe anyone is out there responding on this board!!!You've been on one of the GMED boards, right?
I was a stockbroker for several years just out of college and I used to trade BIKO back in the early and mid 90's primarily for it's diabetic glucometer technology they were developing. It would trade in the 3-6 dollar range. That technology didn't go too far although they have a unit developed it never got the FDA approval.
They had some problems with their CEO and financial difficulties in the past several years.
Apparently they are focusing on some petrol cleanup type products now.
Yes, I'm in this one...just a flyer really to see what may happen if the company turns it around someday. Being in here at the bottom there's not so much risk.
Apparantly BIKO got a patent recently, info is difficult to find and the company doesn't have it's website
Someone on Raging Bull got this excerpt from the new Patent...
"To summarize, the product described herein can be simply used by spraying the product as a loose powder (the beeswax spheres) on a hydrocarbon spill. In this mode the powder floats on top of the water and bonds with oil immediately to prevent the pollution from sinking. When the powder becomes saturated with oil, it is left in place and the oil is degraded by indigenous microorganisms contained in the water. Following this, the beeswax then degrades itself through the actions of the microorganisms.
For bilge cleaning, a porous cylindrically shaped sock about three inches in diameter and ten inches long is used to keep the bilge of a boat free of oil, odor and fumes so that only oil free water is pumped overboard. The sock is made of a non oil absorbing material such as a porous weave polyethylene and contains about 8 ounces of the beeswax spheres (powder). When this sock comes in contact with oil, it immediately absorbs up to one pound of contaminant, and degrades much more oil over time, and can last the entire boating season. The mechanism of operation is the same as that described above for the loose powder. FIG. 2 of the drawing illustrates the sock 20 having an outer porous fabric 22 and a tether cord 24 attached at one end. A sample of the loose beeswax spheres (powder) 26 is also shown.
In another use of the product, hollow elongated booms 21/2 inches in diameter and 10 feet long can be jointed together to confine and treat small oil spills. The booms are made of a porous plastic which is non absorbing to oil and which are filled with the beeswax spheres (powder)..."
Good luck to you!
-Pioneertx
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