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Gold Seeker

06/11/09 11:21 PM

#19794 RE: mata hari #19793

Mata Hari stated: "Why would Abbott participate in a scam to conjure up a cover story of higher royalties? That creates liability on Abbotts part so I don't think the new terms were created to scam bocx investors."

Mata Hari, you are not considering the 2008 $50,000 minimum royalty payment that Abbott was obligated to pay regardless of any amended agreement. If you noticed in the signed amendment, it is clearly defined that the 2008 payment is specifically not to be paid. You could conclude that the agreement to NOT do a product return was paid for with the $50,000 payment.