I posted several months ago that the milestones were probably insignificant or he would not have done the loan. It should not have been a surprise to anyone on the board. I am ok with that. The royalties between two and three dollars are very high for a diagnostic test. Just do the numbers on all the tests out there that will eventually be augmented with RECAF. It all adds up to huge money for a small company.
Even more frustrating (for we Canadian investors) is the fact that the shares trade in US dollars, which are sinking like a rock against the Canadian petro-dollar! I know it's sort of off-topic but I had to vent!
It appears that you and a couple others may have invested more in this stock than you can afford to lose. So perhaps it might be time for you to get out. Bad mouthing management and the stock doesn't help the stock price.
If it makes you feel any better, there's a lot of us who can relate. I'm going to try and hang in there until there is concrete evidence that either BOCX is going to make it or is likely to fail. If they're going to fail, it will probably be too late to salvage much of my investment, but that's the risk I was willing to take when I first got in.
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