Opp. Knocking, why are you so sure that IMA is "extremely serious about the future of recaf? I have seen nothing yet to suggest such.
You also said that "I think there is more to come and it was spread out to avoid raising flags because we don't apperar in their 10Q". Do you really believe that IMA is worried about raising flags? While $500K shows a little more committment to BOCX than ABT, it is still peanuts in the big picture. Sorry, I just don't buy such speculation and believe that BOCX has received the entire upfront payment in full, and will receive smaller amounts each anniversary ($100K perhaps)and milestones (trials?).
The reason BOCX does not appear in IMA's 10Q is because BOCX is not a "huge" part of IMA's business. The $500k is reported, just like many other expenses, but it is not specifically itemized. Remember, they may spend more on season tickets/corportate boxes for major sport teams, golf memberships, etc, than the amount they paid to BOCX. BOCX may become a big part of their business one day, but right now it is MINOR.
The bottom line is that BOCX is running out of cash, has NOT announced a 3rd licensee, has not announced IMA going to trials, and has NOT announced a plan to raise sufficient capital to forge ahead alone. The fact is that we are at 51 cents, which is about half of the price two years ago. We are in debt more than ever. Without some progress in the next three months, where do you think BOCX will be? Can you say dilution?
Oh yeah, BOCX will most probably need to find investors to cough up the money to do a private placement, something I am guessing they weren't able to do last summer, hence Smithline. Who do you suspect will step up?
PS-the clock is ticking, and soon it will be August. Are we going to be saying "By next spring........."? Look back at posts two, three, four years ago. It all sounds so familiar. Tick.......tock.
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