GREY:BIXZF - Post by User
Comment by
Tbonepickenson Jun 11, 2010 4:02pm
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Post# 17181895
RE: Response to DrAudit
RE: Response to DrAuditMike:
I always enjoy reading your posts.
I once owned 110,000 shares of BXI (mostly at
.63/share). I sold it all once it fell to around $1.60/share....I wanted to enjoy some of the profit that I earned. I bought back 30,000 when it was $1.40/share and this time I will hold on for the bullish run that I expect to continue this summer and into the fall. Like yourself, I have confidence in the BXI management team despite some setbacks. I own my own company and I know that no matter how much you try to be on top of things, there will always be some inevitable delays or setbacks, especially when you rely on other people or companies to deliver goods or services.
BXI is on the verge of producing protein isolates which will not only make the company profitable but it will make the Minot plant very necessary. I look forward to the Minot expansion and other plants being built. Once BXI is profitable it will be a prime takeover candidate. In addition, I hope other companies wish to licence the technology from BXI in order to produce isolates. There is nothing wrong with additional revenue streams.
I believe the share price is still a steal at these prices and wouldn't be surprised to see $3.50 - $4.00 per share by the end of this calendar year. There are not many companies that have the potential that BXI has.....none that I own anyway. Investing in this company is a marathon, not a sprint. However, I don't consider waiting a few more months or a year to be a marathon. If BXI goes to $2.80 then I've doubled my money. Not bad, considering an investment earning 10.2 % takes 7 tears to double.
Lastly, I don't know why so many posters are whining so much. The share price currently is only about 70 cents off its all time high. Patience will be the key to this play. I'm confident their team wakes up everyday with their eventual goal in mind...to increase the value of the company for their shareholders. They also own shares, alot more than I do and I doubt they are averse to making a few bucks. Keep up the good posts Mike and good luck to all who are long on this play. All the best.
Tbonepickens