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Re: opportunityknocking post# 26701

Saturday, 07/03/2010 5:52:07 PM

Saturday, July 03, 2010 5:52:07 PM

Post# of 30387
Opportunity, if you think that RPC gives "hope" to BioCurex, you are mistaken.

The recent financing that RPC did was "loan shark" rates where about 60% of the loan went back to the lender for fees and penalties. RPC plans for the lenders to convert their notes when the SEC approved the share registration. The conversion is at 28 cents so RPC will have to keep the stock pump going so the lenders can sell the shares.

The press releases have no substance. No money is recieved, just that the partners "intend" to do something. I think there is almost zero chance that the Indian guy will spend the money to do anything with the CIT technology. If you look at the webpage for Gaur Diagno, it is for the consumption of RPC investors and the owner of the website is a company that is known to host scams for anonymouse companies.

Their next quarterly report is due out Aug 16 and I would guess it will be late because they will not want to disclose any sales numbers before the lenders can sell their converted notes.

RPC is definitely NOT a stock you would want to hold at all. A lot of investors are going to be taken to the cleaners with that one.

GoldSeekerâ„¢

I have never shorted nor intend to have any financial interest in BOCX. I am not connected with anyone who trades, shorts or has financial interests in BOCX. I only post facts and my opinions. I do not post on IHUB with different aliases.

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