BioCurex, Inc.(fka BOCX)

[Norad]

Ted F,

I agree with you that this is quite a gamble. I bought my shares not long after the Abbott announcement. That is in fact the way I was introduced to this stock. I have watched the value of my shares drop considerably over the past 3 years. I have sold small portions of my shares when I had some unexpected expenditures. Like you have stated before, I also could have flipped this a number of times and made money but I always had this fear that it would be too late to buy back in if there was an Abbott licensing announcement type pop. If it were not for my faith in the technology I would have bailed long ago.

I also agree with your reasoning pertaining to royalties vs. commitment to science. However, it is probably not uncommon ,correct me if I'm wrong, for corporations to agree to larger royalties as opposed to larger upfronts when the technologies are in the early stages. In other words, he took what he could get.

IMO it is still impressive that Abbot and Inverness have given us anything weather its $50K or $10M. As others have stated before, large corporations don't just go around signing licensing agreements without doing a large amount of DD.