Opportunity stated: "We have funds coming in, royalties due this year, a new lincensee, more products being developed and launched, cash for 3 more years......life is good!"
First, as to royalties, Moro stated in the filing that he did not know When NOR How any royalties would be paid by Inverness. Do you think that if Moro does not know when nor how any royalties would be paid, there are any royalties to be paid? I do not know why he would make that statement unless the Abbott amendment voided the minimum royalty provision with Inverness.
Second, how can you state there is a new licensee? IMO, that is a fantasy.
Third, Have you seen any comments anywhere about Dog RECAF other than the website and the press release to investors? BioCurex does not appear to be marketing Dog RECAF at all. What product is next? Cat RECAF?
Fourth, where do you come up with cash for 3 more years. Burger gave a burn rate of $2 million per year and right now, Moro cannot have more than $4 million left from his cash and the offering.
Yes, I suppose life is good for you when you are not facing reality.