Replies to post #5490 on BioCorRx Inc. (BICX)

[Pip611]

If you read the filing, BICX is issuing preferred stock that has no par value so therefor is NOT a dilutive action. The preferred shares cannot be converted to common shares and sold. The point of preferred shares is so the company can make decisions like financing, mergers and acquisitions without costly and time consuming shareholder approval each time. It's a good thing if people trust management, which in this case BICX management appears to have shareholder value in mind.