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Biotech / Medical : BICO & VITK -- Ignore unavailable to you. Want to Upgrade?

To: Jim Andrews who wrote (2196)	11/21/1998 10:00:00 AM
From: curi552761	Read Replies (1) \| Respond to of 2395

BICO bum has amazing survival ability. They diluted the stock beyond recognition, the volume came down, so they could not get money out of investors pocket. Now they obtained a line of credit. But the truth is that the Diasensor did not enjoy sell in Europe. So even if they get approved in the US (FDA approval) I doubt that $7,000.00 machine will fly off the shelves. In the US medicare approved diabetic supply, so the machine can be covered by medicare. But this has to be seen. I had a long position with BICO until I saw, that the machine was not selling well in Europe. I lost my trust into this company. Line of credit means that BUM convinced somebody to give him money. This is precisely strong quality of BICO bum. I do not think that people will benefit with this stock.

To: Jim Andrews who wrote (2196)	11/22/1998 12:45:00 PM
From: Long shot ...	Read Replies (1) \| Respond to of 2395

What investment banking firm is in the business to lose money? What investment group would throw $10 million at a company with no future? Your right. Here's my theory: They probably have asked and received access to BICO collateral. What's the risk if Biocontrol has say 15 million in the form of capitol equipment assets. I'd get my lawyers to draft some sort of legal text stipulating I'm the first creditor in line in the event of chapter 7/11. I then seize the capitol: computers, furniture, manufacturing equipment etc. and sell it. Presto, the investors get a nice profit on the 10 Million. Mean while all us chump investors have nothing but promises that the portable insulin sensor, (the size of a microwave oven and needing near daily in home calibration) would actually sell. I've held bico since 1995. I bought some at $4, then 2.0 the .52. In the end, I owned 20,000 shares at $0.80/share. I sold it all. Took a loss of historical proportions. My advice, get a cheap internet trading account, sell what you have and get a nice bottle of wine while you reflect about how you heard about this "wonder stock", and the lesson you've learned.