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Dog-Thats my point; the big boys control the distribution channels ;what I'm worried about is that the product is never brought to market ie., great intentions at the time of signing than a slow trailing off of interest & death.
I assume if you or I were licensee's and we owned say IMA (or ABBOTT) and RECAF was available to us that we would dedicate a lab running 24/7 to bring the product to market within a year. I JUST DON"T GET IT. -any comments are appreciated.
ABBOTT had 26 BILLION in revenue in 2007;IMA 500 million revenue (no profit); Biocurex negligible revenue/no profit.
Dr. Moro has fired a shot over the bow of ABBOTT & I think has decided to burn the bridge behind him due to his frustration with the glacial pace of progress; I don't think you'll see any more pats on the back and awards with the Abbott crew as Dr. Moro has not "gone along to get along";oh yes everyone will smile but my feeling now is Recaf & Dr. Moro won't get the time of day from Abbott & he will be considered a pesky, pain in the butt, ostracized from their clique. The big boy's will either make or break Biocurex (as they control the distribution channels)and this is my MAJOR concern.He may try to "back door" market Recaf but that's a long stretch.Biocurex could go the way of the Sterling Engine as again the big boy's are the gatekeepers to the hospitals & clinics.
BIOCUREX FORM 8-K dated 3/21/08 link http://biz.yahoo.com/e/080321/bocx.ob8-k.html
(anytime SOON.)
I think the point here is a marketable product, with repeat business, generating a profit for Biocurex; this raises the stock price and generates a profit for shareholders. Otherwise all we're doing is lending money to Biocurex at zero interest with the risk of losing it all.I don't see this marketable product anytime.
Stand-up management would have let the wire go in the middle of the week, posted it on their company website along with an explanation in clear precise english what the ramifications are with Abbott and how it bodes for the future of Biocurex and its investors.
PS, does anyone think letting the release go Thursday night was a coincidence? I think not, it was calculated and says alot about the management.
Agree totally with you Ted,this whole deal reminds me of all my college professors(chemistry & zoology)who spent their entire world in laboratories,insulated from the REAL world by academia, only concerned about where their next grant was coming from.Three quarters of them couldn't change a tire and all of them were used to underlings waiting on them.BIOCUREX does not care about their shareholders which has been proven by their total lack of correspondance.Letting that wire go thursday night is typical of politicians and in this case bad management.
BAMBOOJOE are you out there; any info.?
One car for Abbott lawyer, one car for Abbott Company representative,one car for Whispering Oaks Lawyer, one car for potential employee new lab job; all flew in from their repective hometowns.
I just think poor Dr. Moro is in a real CATCH 22 and feeling powerless at this point. We might envision a large lab @ Abbott or IVERNESS where the wheels are spinning and Recaf is talked about 24/7 (similar to the early days @ Microsoft & Goggle) when in reality there's probably two research assistants max.working for the licensee's at any given moment.
days turn into weeks ,month's & years.
Several posters have commented before about the BUSINESS ACUMEN of Dr. Moro and the entire crew at Biocurex; doesn't this validate those comments? How could you let a licensee drag you out 4 years and play this game? I would suspect that if you're really astute you sign contracts with timelines, deadlines & penalties associated with not meeting them, BUT then again Biocurex has no power and has to take the deal offered them- period.
Will IMA also follow suit and hand back the test responsibity to Dr. Moro?
Other thoughts:
#1. Press release was required by SEC (material change of company) but was released perhaps (held?) until late thursday (not good news)
#2. Recaf might be the "miracle marker' for cancer but is perhaps too laborious to work with or to market.
#3. Recaf is the "miracle marker" for cancer and the licensed companies recognize this and will eventually wait for Biocurex to die by dragging on the due diligence for years (and doing nothing). Later picking up the patents for a pittance (or waiting until the patents run out). WHAT happens when Dr. Moro dies? He did not look very healthy in the old video posted last month (overweight, tired, stressed etc.)
#4. Biocurex is similar to a great product wanting to get on the store shelves but is a slave to the huge corporations controlling what goes on those shelves, Biocurex has NO GUN, NO POWER.
No doubt, I just feel the timeline is moved out with IMA/RECAF due to their current other URGENT priorities.
Forgot to add that I believe ABBOTT was just too SLOW for Biocurex (obviously there's an urgency for Dr. Moro but none for ABBOTT). Secondly IMA now has its hands full with a new acquisition and getting their financial mess straightened out
which will slow things down consideraby with Biocurex. I hope this all works out BUT I believe the calender date for GOOD NEWS has been moved further down the road.
This has to be BAD NEWS as all BAD news is released at the end of the trading week and usually late on a friday so it gets "lost"; in this case late on a thursday;(markets closed today)and at the start of a long holiday weekend.
If it was GOOD news put it right out there in the middle of the week on several wire services.
For LINK, google Prime Newswire March 20,2008 Biocurex
Reality check; IMA trading @ $27.00 (from a 52 week high of $65.00); $500 million in revenue, still no profit; taking over MATRIA in largest deal to date;closing 2 plants & consolidating to get a hand on expenses IMO BOCX is at this time way back (on a very low simmer) on a 100 burner stove with IMA.(I own IMA)
ABBOTT; good old US company; VERY CONSERVATIVE; VERY SLOW.
Perhaps Dr. Moro has taken out a second mortgage on his house to make payments.
Perhaps Dr. Moro mixed pleasure with business & took a European vacation like alot of people do this time of year.
Thanks dog- I'm a newbie; after checking further looks like the whole Abbott Diognostics/GE sale was cancelled correct? Thanks.
GE,Abbott,Biocurex- interesting view http://www.stockhouse.com/blogs.asp?page=viewpost&blogID=166&postID=22590
Biomarker World Conference April '08 preliminary agenda-anyone see anything even vaguely associated with Biocurex?
http://www.biomarkerworldcongress.com/agenda.asp
Still don't understand why Abbott & Inverness didn't just pony up a couple million to ease Dr. Moro's financial headaches instead of giving him the pittance in installments that they did ;increasing his stress level by letting him subsist on the edge financially. It is small change for them BUT means alot to Dr. Moro- Comments & ideas are appreciated-thanks.
http://www.power3medical.com ; What a homepage should look like if you really care about your business & your shareholders (vs.the Boicurex homepage).
This might interest some:
http://www.rense.com/general80/spit.htm
Reading the bottom of the article on the FDA timeline opinion sure is a "bummer".
An aside, I owned a stock last year (HEMOSENSE)that was purchased by Inverness in a stock swap (no cash). Inverness
is off its high of last fall by 40% (62 down to 44). They purchased several companies last year alone and are in their biggest acquisition at this moment.The CEO (Zanzinger) has really been agressive ; the results had better show this year or I suspect the stock will dip further.
IMO if a deal ever happens between Inverness & Biocurex it too will be a stock swap without cash.
(Good info. on posts today-Thanks)
Here's the original link to the Indiana State interview: http://www.idsnews.com/news/story.aspx?id=48326&comview=1
I don't believe after the problem with the SEC that Mr. Johnson would "forget" and mis-speak.It does appear that the cancer center there is excited about the science behind Recaf and is very familiar with Biocurex (free research?). If so maybe Mr.Johnson went a little overboard in the "for your eyes only"
interview to keep the troops excited.
I suggest that perhaps Abbot investor relations be contacted (since they are cited in the article)and refered to the link for comments on the the accuracy of the statements in the article.
I beg to disagree with some of the more generous posts. ie- If any shareholder had $50,000.00 of Dr. Moro's money and he/she refused to return phone calls (the same day),I suspect that his response would be less than reserved.Its the same old story..
we have time to call our friends, take 1-1/2 hour lunch breaks,come to work late, leave early BUT no time to dial & leave a message saying "I'll definitely call you next week so we can spend some time on the phone-I'm busy now" .Thirty seconds out of a very, very, very, busy schedule.
If it talks,walks & looks like a Duck-It's a duck.
Regarding POST#11336 other things also become obvious; If Mr. Johnson has time to talk to a college newspaper reporter in such detail just 5 weeks ago I would guess there's no gag order in place & if Mr. Johnson can elaborate in such detail to a college newspaper reporter about the future intentions of Biocurex how should the stockholders on this board feel?
As an aside... Who initiated this interview? someone had to call someone ...also note that Ms. Ross & Ms.Ohl though probably qualified to sing the praises of the test are both RN's . Why didn't one of the Dr.'s in the oncology unit speak up? Comments please. Thanks in advance.
Yes-3rd paragraph down start with "It would be a simple matter...."; What am I missing here? It seems to imply that the Biocurex claims can be validated with ease. Thanks for your response.
Comments/opinions please; please click on my message #11803 below- go to the link shown & read the third paragraph down. "It would be a simple thing...."; Does the Emperor have any clothes? Thanks.
Some may have read this however go to http://pathguy.com/altermed.htm#recaf for an unvarnished opinion.
Regarding this stock and the mm's, sell at 00.71 buy @ .67=
0.05 cents x (for instance) ave. 20,000 shares per day=$1000.00 per day x (for instance) say 5 different stocks they trade per day=$5000.00 per day x 240 trading days per year=$1,200,000.00 per year.
Of course the truth is probably some variation on the above; Hopefully for the better.
Video of the two main players; go to http://www.b-tv.com/s/Home.asp
On the top header drag on The BTV show; click on "The Clients on the Show"; scroll down the left column to Biocurex; click on 300kps to launch video.Comments please.Thanks.
Gives me pause; section 6; Moro's research company is named Pacific Bioscience Research Centre. not to be confused with goggled Pacific Sciences Research Center; note:Centre vs. Center. Why pull a stunt like this? Am I missing something?