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Biotech / Medical : Biocontrol Inc.

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To: Tech Bull who wrote (56)7/11/1996 1:04:00 AM
From: Richard L. Rethi   of 100
 
Hi Tech Bull and Joe -- All that I hear about BICO, which is limited, continues to be mostly bad news. Don't know how other companies are; but BICO seems to be real secretive. When they had their open house a few months ago, it was limited to mostly stockholders. Guards were posted and each person had to show proof that they were current stockholders. I was going to attend, but then thought with my 250 shares they would only show me the men's room. The only facts I know are: (1) in April or May one of their engineers quit after having moved with his family to this area with the hopes of living here. (2) they are running tests at a local professional center with diabetics. Now to rumors: -- about 5 to 8 people were recently hired - some or all are technicians. BICO is finally producing some of the diasensors. A few or so higher ups(?) are looking for new jobs. The company will close by the end of the year. This is really a small company and that is why I said about the engineer leaving. I don't mean to be down on BICO; but there is seldom any good news. The South Koreans were at the plant and the talk then was they they were very interested in buying the diasensor for use in S Korea. Then nothing! The only good news is that I'm only out about $1000.00 on BICO and this pales in comparison to my losses in my tech stocks. -- Good luck with your trades -- Dick
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