BioExx Specialty Proteins Ltd BIXZF

Crisis = Opportunity

[Tbonepickens]

Just a few thoughts about the markets and (specifically) BXI:

Part of the reason why the share price of BXI is down is because they are not performing as well as we (the shareholders) think it should be and that would be hard for BXI  management to deny.....they probably wish their production numbers were better as well as their share price..who wouldn't ? When you're looking to raise money I am pretty sure they would prefer to add 10 million shares at $4.00 to raise $40 million as compared to adding 80 million shares at 50 cents. Less shares on the market means each share holds more value.

I initially bought BXI at 63 cents on the advice of BNN guest analyst Robert McWhirter. I was fortunate enough to watch the stock climb all the way to $2.93 and made a very nice profit, despite not selling it at its high.....I never seem to get that lucky. However, now the stock has dropped significantly.....almost to the point where I bought it long ago. The positive point I see is that they have never been at a better point than they are now (production-wise). They admittedly have to make adjustments to increase their output but what company doesn't when there is no blueprint to follow?

I am in no hurry to catch a falling knife. Therefore as the share price of BXI continues to drop all I can say is have a nice ride down....along with 95% of the equity market. At this point I don't care if it drops to 10 cents. I own quite a few shares at a dollar but i am going to pick up LOTS more when the share price settles after all this madness in the market passes. I will gladly pick up cheap shares that frightened sellers are giving away today. The reality is the product and patented technology of BXI has not depreciated, just the market and BXI's share price. The inherent value of BXI remains constant. In my opinion, this is a real opportunity to load up on a company that everyone knows the share price rises significantly when they hit their milestones and when the market is stable or rising. Remember the run up to $2.93 ?.....it seemed to go up every day.

People who get rich in the stock market do not whine when the market drops.....they look forward to it like a child looks forward to Christmas. When all the suckers have sold and are licking their wounds the rich grab their wallets and pick up blue chip stock for bargain basement prices. In February 2009 the share price of Royal Bank dropped to under $21.00/share but when the market started to recover the share price increased to over $53.00 by the end of September only seven months later. Think about that....anyone who bought Royal Bank near the bottom doubled their money within seven months and received a dividend every 90 days along the way.....now that is turning lemons into lemonade.

So....I will be patient for now. I want BXI to go up like everyone else. In the meantime I will let them have a nice little vacation and when they come back I want them to iron out their issues to increase production and subsequently their share price. Life is too short to worry about the share price dropping. I am going to be the kid looking forward to Christmasand wondering how many shares I'll get to buy at a huge discount.....nice. That's all for now, enjoy your summer while it lasts.

Tbonepickens