Sorry about the delay in responding.
To understand this company you need to look first at Borealis Exploration. For the complete story see
borealis.com
A few bits of information that are not stated there: BSXC shares are of a class of Canadian securities that was designed to encourage mining and exploration. The shares of members of this type of security could be depreciated ( in Canada ) for up to 125% ( BTW, this is information that I got second-hand; I have not verified ! )
Obviously, this does not attract loyal stockholders--buyers are looking for writeoffs, not investments. ) BSXC is the sole surviving company of this class of security. This may lead to a very interesting situation. Because of the history associated with this type of security, many speculators have maintained a short position, expecting that the company will eventually go bust. With only 5 million shares issued and an estimated 1 million short, a close above 5.50 CD$ could become very interesting.
The new management that took over from the Buckley family is Rodney T Cox. He convinced the Buckleys to sell their controlling interest to him instead of making a secondary issue which would have diluted ownership. RT Cox made his money applying investment techniques which he developed earning his PhD. His thesis provided an argument against the Random Walk theory as applied to the stock market. BSXC was one of many undervalued companies in which Dr. Cox invested. In addition, he convinced many of his family and friends buy BSXC as well.
Which brings us to Borealis Tech
borealis.com
"why Borealis Tech is a sub of Borealis Exp..."
Although Borealis Tech and its IP would have been much easier to market without the BSXC history, BSXC has chosen to keep Borealis Tech under the BSXC umbrella because of all the loyal friends and family who have retained their shares. The IP and business plan are so strong that whatever the BSXC history, the present will convince investors to climb aboard.
A family firm:
The BSXC CEO and COO are father and son, and are the two largest share holders. However, this is a international company with offices and people alll over the world, located from Seattle to eastern Europe.
Personal message:
These personal messages have given to me a valuable insight into the character and integrity of RTC and Isaiah. I first became aware of BSXC in 1995, liked what I saw about cooling computer chips and bought a thousand shares, figuring what have I got to lose. I accepted the invitation to start getting the weekly report, then the public boreylist. With this information, I became convinced that the IP that was/is being developed has tremendous potential, that the business plan to marketing this IP was sound and most importantly, management was ethical and respectful.
I have added to that initial investment many times over and I continue to try to purchase more on dips.
Please take another look at borealis.com . Try to look at the several pages of information. There is enough there to allow you to make an intelligent decision. This may not be the right type of investment for you.
But, I'm convinced that once BSXC gets development money to produce a working cool chip prototype, the price will explode upward. And, it will continue upward because of the IP and the business plan.
Dick
dkalin@kalin.com
I forgot to add that although I have become a large shareholder in BSXC, I am not an employee. Also, I am not connected in any way to BSXC management. |
