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Gold Seeker

04/14/09 4:19 PM

#18692 RE: HALF FULL GLASS #18691

Half Full stated: "Dr. Moro has also been waiting. Up until recently, his hands have been tied waiting on Abbott and also Inverness. He could have continued on that same path but instead is attempting to exploit the ELISA test."

Half, it has been 11 months since the ELISA test was first announced. It has been 10 months since Moro stated that he was discussing terms with several companies. How long does it take to discuss terms? I think the CEO of a company would be totally inept if he did not in some way settle on terms by now that would at least get the test in the hand of someone that could generate royalties. I highly doubt there are any companies at all interested and whose to prove that terms were even being discussed? You cannot one way or the other but you can sure look at results...ZERO.



Half stated: "They are still holding the Licenses for a reason!" Yes, Abbott is holding the license for about 50,000 reasons. The 2008 minimum royalty payment they did not have to make per the agreement.
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mcd2inga

04/14/09 4:41 PM

#18694 RE: HALF FULL GLASS #18691

"Licenses still held for a reason"
Hopefully for BOCX the reason will eventually produce results and sales. My optimism has waned after the Abbott amendment and after no aparent collaborations have been agreed to regarding ELISA. Dr. Moro seems to be in scramble mode to somehow keep the company afloat. How many times will Smithline extend the loan for a 15% increase? Dr. Moro seems to be willing to do that forever to keep the company going. Maybe that is fine. Maybe tangible progress will be announced (and verified) someday. Meanwhile the can keeps getting kicked down the road.....