Replies to post #3029 on BioCurex, Inc.(fka BOCX)

[smartinvestor]

Bocxman do you remember this post?

http://www.investorshub.com/boards/read_msg.asp?message_id=7024942

Posted by: bocxman
In reply to: JAZZ ONE who wrote msg# 691 Date:7/18/2005 11:37:31 PM
Post #of 3031

Jazz One your analysis is much appreciated as I have been unable to listen to the webcast. It simply doesn't work on my computer for some reason.

Regarding the comment "we expect revenues in the first couple of years to be in the 10's of millions with no further expense on our part"

-- Quick and dirty analysis on the good dr.'s projection...Expenses are currently around $1 mil. Let's take $20 mil in revs, and 50 mil shares outstanding, and a biotech industry standard p/e of 30. That's .38 EPS, or $11.40/share!! Now let's discount back 20% for time/risk and we get $9.12/share.

So think of it this way...every $20 mil in licensee revenue is worth around $9/share to BOCX.

[erthang]

"7,801,837 shares issued in 2005. 160,000 of those were at $1 and the rest were sub-$1. The vast majority of the shares were issued at a tenth of a penny to directors/officers since the company had nothing else to compensate with."

If that is true, what's the problem! They were issued to employees, director's/officers, not the public or institutional investors!

In my book, they (company execs and employees) don't count. I think you are reaching again to try and make your point! There's no indication that they sold them on the open market at these prices, is there? I'm sure they understand the stock's potential! They work for the company and have a better "first hand" knowledge of the exciting happenings within the company than we. Do you have evidence that all of those 7,801,837 shares have been excercised and sold on the open market? I didn't think so! And still, we only have about 38,000,000 shares outstanding! Which is a huge positive!!! So stop "bit'chin"!