Now that Moro is getting rid of Agoracom, he obviously no longer feels there is any need for a sanitized message board. He has money now so there are no longer any pressing needs for stock placements either and his attempts to influence this board is no longer needed.
The joke of all that is that the board never had any impact on the stock other than in Moro's mind. Look at all the time he wasted posting on this board attempting to keep investors from learning the real facts about the company.
Moro got 6 million from the offering. He has to pay Smithline about a million. He has to pay back the $450,000 in loans so including other expenses, he will end up with somewhere in the vicinity of 3+ million.
What will Moro really do with the $3 million? IMO, he is once again going to feel empowered to work on therapeutics. I do not think he will waste any money on China because that was just a pump anyway. He may continue to develop the POC device but even the money he has today will not come close to getting it through trials or any FDA application. He also will not be able to license the POC device. No one will want it.
I am not sure if he will even risk the failure of Dog RECAF. If he launches it, he is taking a huge risk of a total flop on the market. That would make the stock drop and the warrants worthless. If he does anything at all with Dog RECAF, it will be a pump done very soon to call the warrants and get more money. Moro knows well that if he is ever going to get any more money, it needs to be soon. Once time continues to pass with no revenues, the new investors will sour on the stock and sell.
