This man must be sued.
He never shopped the RGDX, oh my god but gave the company to CG.
Bologna packaged up RGDX and sold it months ago while they ran the stock price down.
I bet that he will consult for CG.
This guy lives in Princeton, in a big mansion.
Holders get his neighbors and children's addresses and send them your losses.
Like I said, Bologna and the other perpetrators won't get away with it. The investigation will be thorough, and they will eventually be sent to prison. For now, they can live in fear, and I'll bet they have to take lots of pills just to be able to sleep at night
Not class action lawsuit material. Got papers in the mail today to file BK claims against the remaining assets of RGDX. Nothing for me or likely any of us. Maybe something for the loan holders. CGIX has completed the purchase of the accounts, etc.
Kel....................sold RGDX back in May around 30 cents, lost enough though. Good luck all.....!!
Maybe if they got a better buyout offer. Probably unlikely though. Sounds like a prepackaged deal..........all put together before it was announced.
Doesn't look like there'll be anything left for the common shareholders. What's being paid for the assets is about just the amount of RGDX's debt. The debt is "senior" to the common stock.
I saw this coming back in May when I finally gave up. Revenues weren't growing and the continuing losses were eating up what little cash they had. At that time, I thought they might sell some shares (dilute) in a desperation move, but that might have been forbidden by loan covenants.
Th great disappointment with RGDX was the way they kept implying that revenue growth was just around the corner and it just never happened.
hey kel, any chance rgdxq will have anything left when this all over. any chance it will pop so i can get some of my loss back
He must be smart to scam all of retail shareholders and get his million dollar paycheck every year.
Consider how idiot I am ... I have bought this trash BECAUSE OF Mr. Bologna ... a person (I don't even remember his name) in the Celldex board suggested to buy at a low 1.30$ since it was going to explode to over 2.50$. Because this CEO was a genius. Saying this now is not NOT ironic.
If there is not any other buyer at the auction offering more money, with the 14 million from Cancer genetics there is nothing left for shareholders
At this point I'm not sure. I imagine they tried a couple options and no one took a bite. The FISH reimbursement decrease last year took the wind out of a lot of sails.
I read through the entire term sheet with SWK. I didn't see anything related to the bidding process, there probably aren't any incremental bidding rules