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Kag

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Alias Born 02/01/2006

Kag

Re: opportunityknocking post# 19520

Thursday, 06/04/2009 10:01:32 AM

Thursday, June 04, 2009 10:01:32 AM

Post# of 30387
Opportunity Knocking,
You might consider a possible fly in the ointment. If anyone ever attempts to sell a RECAF rapid test, the likely only possibility would be Inverness. Let's assume for this discussion (but a prudent investor would not make the assumption based on what is currently in the public domain) that inverness is making progress with a RECAF rapid test. Inverness has to know that BioCurex is in financial trouble with its Smithline loan which is secured with a lien on essentially all of BioCurex's assets. If Inverness wanted to cut BioCurex out of the picture, it seems that all the elements for doing that are in place. All Inverness would have to do is keep quiet and wait until a default on the Smithline loan occurs and then indicate to Smithline that they might be interested in the assets at a distressed price. Time is on Inverness' side, but not on BioCurex's. kag

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