Moro has now defaulted on the Smithline loan. That certainly puts a new twist on Moro getting the death spiral type loans from Asher.
If Moro gets any more money form Asher, Smithline can just immediately claim it as an asset. I doubt if Asher will loan Moro any more money. If Moro gets no more loans from Asher, then the negative cost of operating Pacific BioSciences is coming right out of Moro's pocket and depleting the money he got from the SR&ED from overcharging BioCurex.
Moro is going to protect the millions he has pocketed.
Moro will not pay for an auditor for the 10K.
Moro will not keep operating Pacific BioSciences on his dime.
Sales of any Dog RECAF will cease unless he pays to get the tests processed elsewhere.
I also doubt Moro will file bankruptcy. That will cost money directly out of his pocket.
This stock is now just going to "blow in the wind" with no financial filings.
I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.
