ISOBM, Master Plan ...
posted on
Sep 28, 2009 02:37PM
BioCurex's RECAF(tm) marker is found in all types of major cancers
I've thought about my original question about regular updates and Dr Moro's (quick,k thank you) response. I also glanced at the latest 10Q again.
The bottom line is that I want the company (and especially their technology) to succeed. To do so they will surely need financing...BUT, I have huge concerns about their inability to communicate the master plan, which IMO would reduce the amount of dilution needed by giving the investment community confidence.
Some "followers" here suggest trusting the good doctor, and everything will be fine. Even if I knew the man and could trust the technology, I would not throw money at him unless he explained the game plan. There are lots of bright doctors out there, that are pathetic business managers. To succeed, they hire someone to organize the business side while they focus on their specialty.
I understand the importance of confidentiality in "not yet public" agreements, but there are no timelines or at least prioritized plans identified for any of their endeavours. They are not explained in the 10Q. Further, I think quarterly updates accompanying the 10Q should be posted to the Biocurex website.
Here is a rambling list of claims/facts/questions that I can list off the top of my head. I say them now, because Dr Moro is allegedly at the ISOBM right now, and either he is asleep at the switch or has something up his sleeve. Everything is so nebullous in this company that I could believe either extreme. Hence my concern:
Again, there may be a bunch of hidden good news, but the outside investment community can't be sure of which products/channels/agreements are first in line or what their respective development paths will be.
If ANY of these 4 identified commercialization paths were technically feasible now, a credible company should have no problem generating huge investor interest. If, on the other hand, we are going to hear that they are still years away from commercializing anything, then let me off now. I've watched companies like this go both ways...the vast majority are always a year or two from commercialization. Investors follow a moving target for only so long.
The few that succeed, succeed big.
I am spilling my thoughts, because I think this is the month for management to clarify things. Get the price up over $1 this month, and you would only need to release 6 million shares; not 300 million.