Replies to post #22547 on BioCurex, Inc.(fka BOCX)

[Gold Seeker]

Opportunity stated: "Biocurex has one remaining roadblock. That is to have the full support (or a majority) of shareholders vote correctly and allow the additonal shares."

That is absolutely NOT TRUE. Moro has to raise $350,000 with a deadline of 11 more business days in order to fund the effort to do the public offering of the newly authorized shares. This effort was to have been completed by August 31st but was given the maximum extension of 30 days per the contract to continue the attempt to raise money. The placement agent wants to risk no money in selling the public offering. He wants the $350,000 "up front".

What happens if Moro fails to raise the $350,000? Well, there will probably be no public offering and Smithline will have to decide his next move.

[Gold Seeker]

Opportunity stated: "Biocurex has one remaining roadblock."

In addition to raising the $350,000 to fund the public offering, Moro will need to accomplish a share registration with the SEC before shares are sold in the offering. The SEC will in fact attempt to get as much information as possible to provide to any investors before they buy into a public offering.

It took Moro almost 8 months to get the registration completed for the Smithline shares and that was only 20 million. It ended up including both confidential contracts with Abbott and Inverness. This one will be for a lot more shares that the last one. If I were at the SEC, I would want all the information published from Inverness and Abbott. Those confidential progress reports will probably be required. If it is ever successful, Moro will have to disclose much more than he ever intended.