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Gold Seeker

10/04/12 10:59 AM

#30197 RE: RSPennyStocks #30196

Moro has been getting money via "death spiral" notes from Asher Enterprises.

The notes convert at a 58% of the lowest 5 day average in the latest 10 days of trading. Asher is guaranteed a profit on all the shares he sells.

After he sells the shares short, he gives a notice of conversion to BioCurex. He never has to actually hold any shares and the trades show up on the daily FINRA short report as "unresolved trades"

FINRA has NOT approved the reverse split. Moro was paying the employees of his personal company, Pacific BioSciences, with shares of BioCurex. He has laid off his employees except his son. The recent selling at the end of the month was probably his son selling shares.

When the shares outstanding reach 450 million, that's the end of the road for BioCurex.