After several years of trading at tiny fractions of a penny, the SEC finally issued an order revoking the registration of Radient's securities. Says Adam Feuerstein:
"For those relatively new to biotech investing, Radient was once a momentum-driven cult stock fueled by wildly promotional (and absurdly unrealistic) claims about the company's cancer screening test Onko-Sure. I spent a good portion of 2011 writing extensively about Radient -- mainly detailing the myriad ways in which company executives were shading the truth and bamboozling investors. Who can forget Radient's business deals with a dead Indian prime minister or pseudo-partnership with the Mayo Clinic? Then there was Radient's massive loan default, the reluctant disclosure that its India joint venture was a bust and the delisting from Amex.
Radient eventually blew up and my fun ended, but the zombie stock continued to trade until last week when the SEC, mercifully and belatedly, put it down for good. "
I think The Globe (TGLO) is the longest running undead stock in history. They ceased operations in 2008, yet still trade on the ghost ship market. Maybe the SEC will put them out of their misery as well.