BioCurex, Inc.(fka BOCX)

[Gold Seeker]

Today is the 10th day following the notice for a reverse split.

FINRA will approve a reverse split within 10 days UNLESS there are further investigations into why the reverse split should be approved.

[Gold Seeker]

It would appear that Asher is selling a lot of shares today taking advantage of the bid at .0012.

IMO, FINRA is not going to approve a 1 for 150 reverse split that eliminates some shareholders.

[Gold Seeker]

AsAer sold on the first trade of the day for 449,100 shares. Expect more selling over the next three or so weeks as he converts the third loan.

[hungryleon]

What happened with the SR&ED ? Did Moro return the money?

[Gold Seeker]

If the reverse split is approved by FINRA, the outstanding shares would drop from 450 million to 3 million.

FINRA will take about a month to make a decision on the split so during that time, Asher will convert the last note beginning on Monday. A substantial number of shares will be sold prior to any approval. Also there may be another round of employee selling of shares so the share price may be quite low.

Depending on the share price at the time of the split, it should begin trading the following morning at about 10 cents.

[Gold Seeker]

The reverse split could take about a month to get past FINRA.

[TheFinalCD]

1-150 Reverse Split coming
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80488234&txt2find=bocx

[Gold Seeker]

Even though the Asher loans are "death spiral", they are reluctant to drive the price down just for volume. They obviously know there is not enough shares remaining if the price goes too low.

Later in the day, Asher may hit the .001 bid but not this morning. The number of shares at .001 is only 25k and to get any volume, they would have to go down to .0009 or .0008.

[Gold Seeker]

More selling from Asher again today and beginning October 15, Asher can begin converting the third loan. Asher gets the shares converted at 58% of the lowest 5 closing average in the past 10 days.

Todays shares he sold converted at .000045 and he sold for 2.5 times that amount.

[Gold Seeker]

Seann, I don't know why some of your trades would have been considered "unsettled". Maybe it was the late trade of the 853k that did not get settled. I will have to keep in mind that late trades may have accounting problems.

[easymoney]

I am getting smarter and not getting greedy,and i stopped marring stock learned the hard way,but yes i am becoming a trader.
Thanks,have a Great holliday.

[Gold Seeker]

Easymoney, I haven't messed with the stock market for the past 3 years. Currently, I invest in realestate but I do know how the market works since I continue to follow it as a hobby.

Bocx falls into the category of a "cancer stock" where gamblers like to by lottery tickets and most of the purchases are done with little or no DD. If you followed this stock for the past year, you would have understood that this company is just plain out of money. The CEO has been paying his employees with sharess near the end of the month on a bi monthly basis. When the employees have sold, new all time lows have been established. After they sell, the stock bounces up. This recent selling at the end of the month was again an employee and you are now in the bounce from that selling. A smart move is to take your profit while you can because nothing good is going to happen with this company.

Penny stock people make money by trading. If they hold, they don't know what they are doing and will lose their shirt.

[easymoney]

I'm not a trader yet,I'm in pennyland learning the hard way how to get smarter,buying any of this are riske like any other stock,could go either way,learn how to take profit along the way witch i did her,got in at 6 and holding %70 of my shares,if u look at the last 2 days BOCX been loaded mostly btw 0.0012-0.0014 why I don't know,will find out this week I quess.

[Gold Seeker]

You are a trader and it matters little to you. The people who get hurt are the ones sucked into this stock and hold long. They will lose everything.

[easymoney]

I love he sells more as long as my account is green couldn't care.
Have a Good wknd.

[Gold Seeker]

Seann, the total volume was 7,466,937 and Asher sold 4,406,235.

That leaves 3,060,702 to be sales by retail. How many shares did you sell? It could not have been over the 3,060,702.

[Gold Seeker]

Asher sold 4,406,235 shares today.

[easymoney]

BOCX UP %33 TODAY!!.

[Gold Seeker]

The problem with Asher selling is that it uses up the remaining authorized shares. At .00045, it would require selling 72 million shares and as of last week, there is only 100 million left to be issued and the company is out of shares, money and ideas.

[Sir Stock Alot]

BOCX Up up and up, GO BOCX

[easymoney]

Let asher sell as much as he wants,green at the eod is what counts for me and it has been 3 days straight now.

[Gold Seeker]

Asher is converting notes at .00045 and can do so for the next 5 days. I'm sure Asher loves this bump in share price as he is making triple his money and will sell as much as the market bears.

[easymoney]

BOCX IS LOOKING GREAT!!.

[Kooka_Duke]

The ""PIMP"" Called This Sweet Thang @ .0009...<<<<BOCX Is Just Getting Ready For LIFT!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80216110

[Gold Seeker]

Asher sold another 1.8 million today.

[Gold Seeker]

Seann, OK, my post are mostly negative because that is what is actually happening with the company.

If you read the lastest filings, this is what you would learn.

All of the independent directors have resigned.

They are no longer working on any human aspect of a cancer test.

They are attempting to sell Dog RECAF but sales in the last quarter have dropped by 40%. His next stated goal is to attempt to market a Cat RECAF test.

He is default to Richard Smithline for a $535,000 note due in December of this year. He has not been paying Smithline any percentage of money raised as it is requird in the contract with Smithline.

I guarantee you that Smithline will go after any assets remaining.

Moro has his own personal company, Pacific BioSciences, that does all the work for BioCurex at a 15% profit. Moro is in turn double dipping and getting large refunds from Revenue Canada and he is personally keeping the money. That money should go back to Bio
Curex and not in his pocket.

He is within 100,000 million of the max authorized shares and when they are issued, there is no more ability to pay employees, services or raise additional cash from Asher.

There is absolutely NOTHING positive happening with this company.

[The Dutchess]

BOCX .0012's up!


Negative,Maybe shouldn't have sold though
GLTA, This should run to at least .0016 now IMO.

[Seann]

From your post this morning to another investor, one could argue that you are here only to steer away other potential investors. Just my opinion of course.

And, yes, I understand perfectly what Asher does, but hey, here in Pinkie land, that is common place or Asher would not even be in business. Look at many of the plays going on lately--many have Asher involved. Nothing new and no need to scare away traders just because they are involved. Yes, financing is not ideal by any means, but that does not necessarily mean the company is crap.

Personally, if I had no financial interest in a pink, then I wouldn't be wasting time on the board. Look at all the stickies--looks like all negative posts to me. Something wrong with that IMO. I don't see many boards on IHUB with that degree of negativity from one poster.

All I am saying is don't scare others away just because Asher is involved and try giving them a bit more insight as to what is going on in the company rather than post-after-post stating Asher this and Asher that. IMO

[Gold Seeker]

Seann, "death spiral" is a common term for this type of financing but is is seldom used because it is the absolute very last type of financing ANY company uses. It is a financing of last resort and that is what Asher Enterprises does, last resort financing. I moderated this board a long time ago when I believed what Moro was stating and was invested in the company. At this point, it doesn't matter who moderates the board but it does need someone to help admin so I volunteered.I still follow this company and try to post as much information as I can for any investor interested.

[Seann]

Funny, but you are the only person I have seen use this term. Yet you are the moderator for this board. Why moderate a board where you have no vested interest? Just asking.

[Gold Seeker]

Look up the term "death spiral financing". It is financing without a set conversion at the time the note is issued but converts at a future price depending upon the share price at the actual time of conversion. Not only does the Asher notes convert depending upon the current share price, he gets a 42% discount to that price. The lower the share price goes, the cheaper the notes convert hence the term "death spiral".

[Seann]

Nice dramatic term--"death spiral"

[RSPennyStocks]

Thanks for the reply. Was thinking about playing but this looks like a run like hell stock and don't look back.

[Gold Seeker]

Moro has been getting money via "death spiral" notes from Asher Enterprises.

The notes convert at a 58% of the lowest 5 day average in the latest 10 days of trading. Asher is guaranteed a profit on all the shares he sells.

After he sells the shares short, he gives a notice of conversion to BioCurex. He never has to actually hold any shares and the trades show up on the daily FINRA short report as "unresolved trades"

FINRA has NOT approved the reverse split. Moro was paying the employees of his personal company, Pacific BioSciences, with shares of BioCurex. He has laid off his employees except his son. The recent selling at the end of the month was probably his son selling shares.

When the shares outstanding reach 450 million, that's the end of the road for BioCurex.

[RSPennyStocks]

Who is Asher? I sure hope it's not the guy from Spartacus. Seriously though, Who is he?

[Gold Seeker]

4.6 Million shares sold by Asher today.

[PinkPennies]

BOCX afternoon run...imo

[TheFinalCD]

I could drink the half that spilled

[GEM]

BOCX...looking good...good job.

I have 1/2 cup left...sorry

gem

[TheFinalCD]

not this one....


gotta be everywhere to find the GEMS


hard work pays dividens...


GOOD2CU as always


Got Coffee?

[GEM]

CC...you in this??

You are everywhere...how's the share structure??

gem

[Gold Seeker]

20121002|BOCX|7051868|0|21944050|O


Asher sold over 7 million shares today.

[Gold Seeker]

Buttonwood, the share count is 350 million shares out of 450 million authorized. The CEO got shareholder vote for a reverse split over 2 months ago and nothing happened. I suspect FINRA has denied the reverse split.

IMO, this company has about one more month to live when they exhaust the authorized shares.

Over 75 million shares are due to be issued when a death spiral loan is converted on October 15.

[NORTH LAND]

BOCX otcbq 280m sharecount` Unreal!!!

[The Dutchess]

BOCX .0007 up! Ready to reverse here.

[The Dutchess]

In @ .0006

[TheFinalCD]

re:

The October 15th conversion of the $32,500 note from Asher will required about 75 million or more shares.

Lots of selling this morning and a new all time low of .0006

This could be Moro paying for services but in light of the fact that Moro has only 100 million more shares to issue and the recent S-8 placing another 50 million shares into the incentive fund to pay employees, my guess is an employee selling. Maybe his son.

TY

[Gold Seeker]

Lots of selling this morning and a new all time low of .0006

This could be Moro paying for services but in light of the fact that Moro has only 100 million more shares to issue and the recent S-8 placing another 50 million shares into the incentive fund to pay employees, my guess is an employee selling. Maybe his son.

[Gold Seeker]

The October 15th conversion of the $32,500 note from Asher will required about 75 million or more shares.

[Gold Seeker]

Now that Moro has returned the 80,000,000 shares, there are 350 million outstanding. Moro only has 100 million more that he can issue and that will only last about 2 months or less.