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Gold Seeker

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Gold Seeker

Re: opportunityknocking post# 19248

Thursday, 05/14/2009 9:11:01 AM

Thursday, May 14, 2009 9:11:01 AM

Post# of 30387
Opportunity stated: " Biocurex repeatedly states that they have 2 licenses. One with Inverness and one with ABBOTT.YOU ARE WRONG AGAIN. They are NOT GONE!!!"

From the latest 10K:
<<<Revenue Recognition

The Company recognizes revenue in accordance with Securities and Exchange
Commission Staff Accounting Bulletin No. 104, "Revenue Recognition in
Financial Statements." Revenue is recognized only when the price is fixed or
determinable, persuasive evidence of an arrangement exists, the service is
performed, and collectibility is reasonably assured. The Company's revenue
consists of license fees related to the licensing of its RECAF(TM)
technology. Currently, there is one license agreement.>>>
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