Opportunity, If Smithline agrees to just be given another 15% penalty, then the debt will grow to 2.3 million plus the other 50K that Moro borrowed from someone in January.
If Moro keeps paying his employees in stock, his cash burn will be about 30 to 35K per month. He should have enough cash remaining to last until the end of August. If he would cut back spending money on unnecessary hpye, the money would last even longer.
He now has at least 4 months to get something positive done even without any more placements if Smithline will delay payments again.
It did surprise me that someone would do a very risky placement with the current fundamentals of the company. I suppose people just believe what the doctor says and Moro truly does believe in RECAF just as I truly do not beleve RECAF will sell. I just don't see any evidence of anyone else of significance that also thinks RECAF could be a success. I also don't think there will be any sales in China without someone going to jail or fined if he does not get th RECAF test registered.
News 
Market Data 
Discover 
