BioCorRx Inc. (BICX)

[itsdetatti]

When dealing with this type of situation companies can simply accrue wages payable and not pay them...
The guy is probably ok and has savings in place and has a large upside if he can swing this. And $75k is NOTHING for that type of position LOL. He is probably in the hundreds of thousands, but the problem is he has to first help the company get successful to have that payout. Base pay would still easily be six figures for someone that has been at it that long and helped so many companies.

As far as projections for income go, they projected $4M in earnings this year. I think the majority of that will come in the 2nd quarter (so probably $2.5 to $3M in 3rd and 4th quarter).
$4M revenue means they will see approximately 91 patients this entire YEAR, but is a growth of revenue of more than 10x (I think they only had $366k from last quarter).

But, most companies trade 10-30x their earning potential for the year after...
I think the big news pieces that are going to make them sky rocket are:

1. The opening of the first new clinic (they said every 60-90 days, so one per quarter at least...but waiting on the first).

2. Revenues from clinics will be major because it shows that the company will continue to grow and now you have a real trend starting to form. The growth rate of revenues will allow people to plot out how much they are worth over the next few years, but will also rely on the rate of them opening new clinics.

3. These things will give a baseline, stability, and realistic growth trends for their revenue (ability to open clinics, manage, negotiate better insurance payouts, appeal to market, etc.). After which their stock will be in the 10-20x projected income of the following year.

4. All of that should put it over the $4 point for long enough to get them out of the pink sheets :P
At which point their prices will inflate to an unrealistic amount, at which point we sell and they issue new stock to get more funds to continue growth as a regular turtle company :P

Basically, you are going to have really hold out and be patient till 2Q results are out (i've been saying this for a while). By then they will have media coverage, strategy, revenues, 1-2 new clinics, etc. etc. and people will deem them stable enough to invest if properly managed.

BE PATIENT is what we are saying lol

And nice volume today
At which point