I'm sure that if you look back, every filing said the same stuff. Nothing new for BICX for sure. Yes, I'm sitting on the sidelines but they are simply in the same boat they've been in for years and is really nothing out of the ordinary for a fledgling startup. Yes, they are still a "startup" despite being around for a long time but until they declare that they are out of business, it may still be well worth a gamble.
JMHO