BioCorRx Inc. (BICX)

[cayman_west]

amazes me they have no investor relations plan.

some key positive points in the Q besides the obvious increase in sales:

On March 19, 2012, the Company entered into an agreement to re-purchase 27,000,000 shares of its common stock from a shareholder for $20,000. The common stock was repurchased and cancelled on May 1, 2012.

Subsequent to March 31, 2012 the Company issued the following promissory notes as follows:

Promissory note, $150,000, bearing interest at 20% and repayable on the anniversary date of April 3, 2013 together with 1,000,000 common shares of the Company, secured by accounts receivable of the Company.

During April, 2012, the Company began issuing 15%, 3 year convertible debentures in a private placement. Interest at 15% per annum is to be paid quarterly; however, interest accrued during the first year is deferred. The debentures are convertible into the Company’s common stock at a price of $0.334 per share, or 3 shares for each $1.00 debenture issued. The Company, at its option, can close the offering after raising $4 million. The maximum that can be raised with this private placement is $6 million.