Replies to post #24327 on BioCurex, Inc.(fka BOCX)

[HALF FULL GLASS]

Gold posted,"Moro stated: "in December 2009, we will begin to earn an annual minimal royalty payment of $150,000."


I have never seen in writing or heard Dr. Moro speak of an amount of $150,000. All I have ever seen is the "*" used in the Inverness agreement.

[Gold Seeker]

Moro stated: "in December 2009, we will begin to earn an annual minimal royalty payment of $150,000."

I was thinking the minimum royalty at Inverness was written the same as Abbott but that is not true. The minimum royalty will not be paid in December of this year but earned during this year and paid in 2010. Notice that Moro states, "begin to earn"

There would be no royalty payment from Inverness until December 2010. There would be no reason whatsoever for Inverness to effect a product return until 30 days prior to the anniversary of the effective date of the license, or November 4, 2010.