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Re: opportunityknocking post# 22547

Monday, 09/14/2009 1:19:17 PM

Monday, September 14, 2009 1:19:17 PM

Post# of 30387
Opportunity stated: "Biocurex has one remaining roadblock. That is to have the full support (or a majority) of shareholders vote correctly and allow the additonal shares."

That is absolutely NOT TRUE. Moro has to raise $350,000 with a deadline of 11 more business days in order to fund the effort to do the public offering of the newly authorized shares. This effort was to have been completed by August 31st but was given the maximum extension of 30 days per the contract to continue the attempt to raise money. The placement agent wants to risk no money in selling the public offering. He wants the $350,000 "up front".

What happens if Moro fails to raise the $350,000? Well, there will probably be no public offering and Smithline will have to decide his next move.
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