GREY:BIXZF - Post by User
Post by
ashcakeon Dec 17, 2009 12:11pm
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Post# 16597394
yikes...easy eunice
yikes...easy euniceJust having fun guys...of course I would love for bxi to get the "worlds first" recognition for commercially producing isolates. Why wouldn't I?? Might grab the attention of some new investors that don't know the story. I find this forum interesting jabber but nothing more than that. I was a seed investor in bxi long before it ever went public and years before canola isolates were ever uttered. In fact, my investment was based on extraction of the key ingredient in the drug used for coated artery stents (paclitaxel) and the company's bus plan was based solely on using the yew tree(bush) as biomass to extract paclitaxel at a purity level of 1%. It was then going to be sold to big pharma whom would then take purity up to 99.9%. Still a very good business and veery profitable but a one trick pony. So obviuolsy lots has changed since then. I almost lost it all when the paclitaxel bus plan failed. Now I've made over $1MM and have continued to trade it back and forth over the past 6 months. I never heard of BU until less than a year ago and didn't care. I'm curious about BU's model that is all. They issue patent after patent after patent as part of building out their value through IP. I've been assured they they are in no way a competitive threat to bxi nor does our IP overlap withy theirs. There is plenty of market space for both co.s to be enormously successful. I think a lot of people on this forum have some unrealistic price targets for this Company next 12 months. I have my own thoughts on that and my exit strategy well planned. I will always keep some of my shares if it ever does become a billion dollar company but I believe it won't become that in 2010 like some would have you believe under it's current name but rather as the result of a buyout by a major company wanting the technology all to itself sometime in 2011. Good luck to everyone on this thread. I wished I had bought some BU at $6 level when I first realized they were in the same space and clearly credible but well it is what it is. Not going to buy now even though I belive they get bought out before bxi somewhere between $15-20 / share. I still think we see some weakness in the shares in january as many with cap gains without capital loss offsets defer taking them until 2010 and there will be a lul with no material news that I can think toward mid Feb as we anticipate an update on isolates production readiness (or a delay which is a distinct reality). I'll be on the bid collecting more if there is a delay or weakness as I belive they do deliver but my gut tells me later than antcipated.
Ash