GS,
I have to say that, IMO, I do agree with other posters that you have gone from seeing all positives with BOCX to seeing all negatives. You do develop theories which you present as the only possible explanation. Lately, they always emphasize the nagative.
That's just how I see it.
I do agree that it seems strange why Dr. Moro would try to raise $6 million at this low share price. If Inverness makes the milestone payment, even if they don't say a word about progress and say nothing publicly, the share price of BOCX should go up. It will be a relief just to know Inverness is still working with Recaf towards a product. Placing shares should be much easier with a positive sign from Inverness. The boost in the share price could even save shareholders 50-100,000,000 shares of dilution. That would make a huge difference to the share price if/when BOCX has earnings per share.
Tell me if this is correct. The shares need to be authorized next week. The Inverness milestone payment is due or must be notified of intent in the November/December time frame. This could still happen before the new shares are placed. If this works out in BOCX's favor, BOCX could raise the funds needed at a higher share price and not place all of the authorized shares.
mcd
