BioCurex, Inc.(fka BOCX)

[Gold Seeker]

It appears investors have realized the last press release had no "meat" at all. The bid is back down and the employees no doubt have plenty of stock to sell. Wittenberg probably has at least a million left also.

Moro already knows the terms Smithline has offered. Will any investors be interested as long as smithline hold liens? I doubt it. If Smithline was ever going to take stock for the note, he would have done it last year. Now the prospects for a stock holder look even more bleak. Nothing happened in China and Inverness has now gone 17 months since the effective date of the agreement with zero indication of anything happening. 17 months is a long time and they will become obligated to pay minimum royalties in just over 6 months. In a contract, minimum royalties are never expected to provide income. They are there to ensure the company continues to work on the product. A product should be producing income so that minimum royalties never come into play. Look what happened to Abbott. Paid one minimum royalty and disappeared.

After 17 months it is likely there is some problem and the odds of Inverness proceeding at this point get worse every day without news. Inverness has to give progress reports every quarter to Moro. If those were positive, Moro would certainly show them to possible placement holders. My guess is that the progress reports do not indicate any progress, otherwise funding would not be a problem.