"what is the date Abbott has to return the test? thanks anyone"
There is no date. All that is required is to give 90 day notice. If Abbott gives money to BOCX, it is a definite commitment to proceed with development. What BOCX has is a feasibility milestone when Abbott determines it is "feasible" and minimum royalties due in 2007. IMO, the minimum royalties provision is basically an alternative to up front money. The minimum royalties provision is just "risk management" so that if they do not want to continue, it costs them only the 200k they initially paid. IMO, the minimum royalties will be a large sum of money. The question is when those minimum royalties would be due. I am guessing the anniversary of the deal which was March 29, 2005. That would put a return date notification by Abbott at the end of this year or less than 2 months from now. That is why management made the current maneuver right now. They just could not wait any longer. I still think Abbott is going to continue with the test but if the selling continues back into the 60's, that will lower my expectations.
