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Hungryman, good luck. BICO has had European approval for over a year and hasn't sold a dozen of these. I was in for over 3 years and saw the authorized shares increase beyond belief. The number now stands at 950 million. That is 2/3 of PEPSICO and PEPSICO has billions in sales.The management borrows from the company like it's a bank. I hope you bought before the spike and didn't get in at the top end like I did when I first bought. Kept averaging down and saying to myself " man, it can't get much lower." Was I in for a surprise. I no longer hold any in this company, I just don't like to see people bilked. The management is under SEC investigation and the list goes on. Good luck.
I can sympathize...I've held this dog to the point that it's just a good tax loss sale at the end of the year for other "winners" I've had this investment season!!! There is nothing any PR or hypster can tell me that will EVER give me confidence in these losers to reinvest a nickle of my hard earned money!!! I learned my lesson the hard way!!!
All newbies should due extensive DD into the past of this company before investing....dilution is incredible - I don't think they could sell a D2000 to every living human in the US and make money!!!
Dave, It's too bad some of the Yahoo DD posts aren't available. I don't know if any of the earlier posts on this board have any info, but I'd suggest to anyone considering this company to look back and see.
Latest filing should read "Biocontrol knows of no reason for spike in price. Not that they know of no reason for decline.
Biocontrol Technology, Inc. announced today in response to the recent drop in its stock value that nothing material to the Company has occurred to cause such a decline. The Company is in a solid financial position and the Diasensor, Petrol Rem, and IDT subsidiaries are all making excellent progress with their respective projects and have added directors highly respected in their fields. Biocontrol has had an 18% increase in its staff with 6% being rehires of staff laid off at the end of 1998 or beginning of 1999.