well he Danced Away from this POS. Dougie is the one guy who made money on this company, and he never owned any stock.
I love the way they kept calling him "Dougie Mac" as if he were a lovable sitcom character.
"Dougie Mac" did make a statement after the "unnecessary affair." He resigned and ran away.
the first thing the Aussies would need to do is get Radient Pharma back in good standing in Delaware.
I don't think it's going to happen.
GCDx was supposed to be up and running by now according to DC Man. WG told him "2 weeks" on Friday the 11th. I'm skeptical that GCDx will ever go live but I guess it's too soon to tell. Whatever the delay... they've had years to work on this -- if I were a GCDX investor I'd be regretting my investment!
Investment Advice from DC is Money in the Bank.
If you take him as a Contrarian Indicator, that is. Every time he said "Hold your RXPC Shares," Savvy Investors Sold.
oh I see it now.
Well that changes everything - -who will sell me their shares? I want to own a billion shares like woflie! ;-)
seriously, I do not think there will ever be communication or news about RXPC again. I think The Aussies either do nothing more OR they try to sell their Spit Test somewhere. Guess we just wait.
DR70 can be pumped for many cancers but it's useful for ZERO since it can't differentiate between them.
That is the funniest part of the whole LC Test scam I think -- no mention of the fact that DR70 can't differentiate between LC and any other kind of cancer. That seems kind of important.
no check it again, the header says "radient diagnostics coming soon."
And the site owner may be on the BOD of voided corporation Radient but that does not mean every website he puts up now is related to RXPC. Didnt he also have a website called amateursarethe best at onepoint -- sounds like a good place for jimbo to troll for new scat friends. ;-)
Radient's corporation status is VOID in Delaware, wolfie.
Look it up. File number 2198522
NuVax is File number 4907205 if you want to go deeper. Note that there is no Radient Diagnostics incorporated in Delaware.
You keep saying that DD is your forte but you never do any real DD -- you just find old PR's and sites like Bloomberg and LinkedIn that don't provide real information. Well your pump is gasping for its last breath, wolfie. You're running out of obscure BS to pump.
Have you accepted that the patent application is dead yet? It won't change to "ABANDONED" until September so I guess you can pump that for six more weeks.
Have you tried to contact Provista or Gartner or the Aussies? I bet you have. Not good news for a bagholder with a billion shares of revoked stock, was it?
Everyone is assuming that the Radient Diagnostics website is the new site for Radient Pharmaceuticals (RXPC). Why make that assumption? The Aussies have not said anything about changing the company name.
It looks far more likely that Radient Diagnostics is like AMDL Australia, based in Australia or China and not related to Radient Pharmaceuticals in any way.
The names Radient Pharmaceuticals Corporation, Nuvax Therapeutics, and Radient Diagnostics Inc (the old name for the RPC subsidiary) are all inactive in Deleware and are available as corporation names. the Aussies could call themselves ANY of those and not be affiliiated with RXPC.
incidentally, DC and wolfie, let me spare you some trouble -- the hyphen in the URL of radient-diagnostics is only there because a URL can't contain spaces. And when you clowns say "Radient-Diagnostics is being restructured," that is a lie, Radient PHARMACEUTICALS is the corporation name, or at least it WAS. The RXPC 8k did not say Radient Diagnostics was being restructured.
Friendly wager: I think the new Aussie website is going to try to sell the spit test only, just as GCDx is going to try to sell the LC Test only. I don't think the Aussies are going to communicate with RXPC bagholders in any way, shape, or form. I think the RXPC shareholders mean nothing to the Aussies. Out of sight, out of mind -- powerless impotent eTraders who got caught holding the bag and can't touch the Aussies now. I think Dougie Mac was clever to bail this way -- the lenders can't touch him now.
I think the USA corporation Radient Pharmaceuticals is dead and we will never hear anything about them again. I think the new Radient Diagnostics company is just like the Aussies' AMDL Australia company: not affiliated in any way with the USA corporation.
The Bloomberg distraction is humorous because it's always fun to watch wolfie and DC struggle to find a pump somewhere/anywhere, but there's no way MacLellan is still "President" of Radient Pharmaceuticals because Radient Pharmaceuticals no longer exists in Deleware or Nevada or California or anywhere else. He can't be President of a Corporation that is not recognized as a Corporation anywhere. This is why I don't think we will see any notice of the Aussies resigning. There's nothing to resign from.
I can't decide whether GCDx just died before our eyes or whether WG is truly ready to start selling the LC Test. Seems fishy to take down the GCDx website before he's ready to start selling -- that's a poorly managed rollout. Private Investors can't be happy, assuming there ARE any. This is an unprofessional start for GCDx. It's possible that GCDx is flopping on the bottom of the boat, and WG is in the office on the phone trying one last time to get funding, but why take down the $5.99/month website? And why not file the annual report?
I'm assuming UNI is manufacturing and selling DR70.
* If they abandoned DR70, that means they got wise sooner than I expected -- because I expect them to give up eventually since there is no profit in DR70.
* If they did not abandon DR70, it still doesn't help RXPC of course.
So, UNI is a side story. no matter what happens with UNI, RXPC is dead and buried forever, IMO.
As for the Aussies selling DR70 in China.... I think they will try to set up in China and get funding. As we all know, the only way to make money on DR70 is to get funding and pay yourself a salary to run a developmental biotech that TRIES to get regulatory clearance.
That's how I think GCDx is going to go. I think they'll get the website running, then after a few weeks the FDA will shut them down, then they spend the rest of the funding trying to go down the PMA road. GCDx will never get DR70 cleared for screening of course but the Dougie Mac business model doesn't include FDA clearance.
And RXPC remains dead and buried through all of this.
yes, bottom line, the UNI deal was real and it happened. UNI is now manufacturing and selling DR70 in Asia.
And RXPC gets nothing for it.
And if you want to split hairs.... UNI had that agreement with AMDL Diagnostics Inc (ADI), not Radient. MacLellan ran ADI as a separate entity and might still be running it. When Mac handed the keys to Radoent to the Aussies, he might not have handed over the keys to ADI and/or NuVax.
So IF there was a 2014 UNI payment, probably not but let's say IF, that payment goes to MacLellan and ADI, not to Radient. ADI is a subsidiary of Radient because Mac split them apart back when they still owned Jade and the parent company was called AMDL.
True, maybe Mac also handed over the keys to ADI and NuVax. But we don't know that. The Aussies hold positions at Radient but maybe not at ADI. $100,000 paid to ADI does NOT go to the Aussies at Radient -- it goes to whoever is running ADI.
Same is true for CIT -- CIT is owned by NuVax, not Radient. In the slim-to-none chance that someone wanted to buy CIT, they would pay NuVax, not Radient, and Mac probably still gets THAT check too, the cunning fellow. This is how subsidiaries work. Radient truly has no assets other than some manufacturing equipment and maybe some office furniture and a few computers running Windows XP.
living -- UNI knows that Radient is dead. We all know it.
The agreement is a legal contract and it said the agreement terminates when the last patent expires. That happened on June 3rd, 2014. End of story. It's business. $100,000 is a lot of money.
DR70 is off patent, so the agreement terminated and there was no 2014 payment from UNI. That is just business. UNI can't contact Radient anyway, and neither can the USPTO, and neither can any of the shareholders. Mail a check to Tustin and it gets returned because Radient left the Tustin address in August 2013 or earlier. I think the USPS only forwards mail for six months.
Good point though, maybe the Aussies thought $100k was coming, although to think that would show astonishing ignorance since it's all documented in SEC filings that the UNI Agreement expired on June 3rd when the patent expired. And if the Aussies thought the USPTO was going to approve that RCE patent app, they are just plain stupid, sorry. That RCE patent app had zero chance.
Aussies should change the contact info at the USPTO but maybe they just don't care. The Patent Application in Australia was abandoned because nobody paid that fee, so the Aussies don't care about a patent in Australia either. The best guess is therefore that the aussies want to make a play in China where Charter lives.
wolfman's problem is: he has the reading comprehension skills of a child. He doesn't understand grade-school grammar and comma usage. The 8k lists three events that would cause the termination of the agreement. Those three events are separated by commas. Wolfman incorrectly thinks the contract writer listed only two events and misused a comma.
He is misreading this:
"The Agreement shall continue until the earlier of expiration of the last patent issued to us for the Tests, when UNI terminates the agreement by discontinuing the offering of the Tests, or....."
The Agreement shall continue until the earlier of expiration of the last patent issued to us for the Tests causing UNI to terminate the agreement by discontinuing the offering of the Tests, or....."
And I have found that when someone of limited mental capacity like Wolfman doesn't understand a legal document, it is pointless to try and explain it to that person. So, I think you have to let wolfman and DC Man high-five each other over their new riches that stem from UNI continuing to pay $100,000 per year to poor insolvent RXPC.
And let's not forget how Wolfie had Fortis as the "takeover" group while SRL was still selling DR70 at half price.
Wolfie owns over a billion shares so I understand why he is still pumping, but DC Man said he only owned 50 million. He only lost $5000 in the final end game. I don't understand why DC doesn't just give it up. I guess it's more than money -- it's some kind of twisted pride thing for the DC Man.
wolfie has been struggling since 2011.
For that matter, Radient has been INSOLVENT since 2011. they revealed in the 2011 10k that they had no money and could not pay their bills, CIT was worthless, and Jade was worthless.
UNI is going to try and profit from DR70 and I wish them good luck. Asian governments decided not to support DR70 and the global medical community decided not to support DR70. How many kits can they sell to ignorant Asian citizens before the house of cards collapses?
I envision some Asian citizens buying DR70 from UNI, getting a positive result, going to a doctor, and having the doctor say "without any other symptoms, I can't do anything for you that wouldn't cost more than you have." And then I envision those doctors forcing their governments to publicly decry the use of DR70 as the United Kingdom governments did in 2000-2001. England, Ireland, and Scotland governments all issued Safety Notices and the hype ended.
So I give UNI five years. I give Gartner five weeks. I think the FDA is going to shut him down fast. I think they regret letting the internet DNA tests drag on for so long.
wolfman, let me help you understand the legalese of the 8K you keep quoting:
"The Agreement shall continue until the earlier of:
* expiration of the last patent issued to us for the Tests,
* when UNI terminates the agreement by discontinuing the offering of the Tests, or
* if UNI does not achieve sales necessary to meet the contractual minimum royalty payments for two consecutive fiscal quarters. "
The first one happened. Radient's last patent expired. UNI's agreement is ended. They never have to pay royalties to Radient again. They can manufacture and sell DR70 as they wish now. So can Gartner. So can anyone.
IF there ever was any kind of takeover when you started the rumor in 2011, it failed sometime before June 2013, because IF there was a takeover underway they would not have given away Asia sales to UNI for only $100,000 per year. YES it is that simple. That's why you and DC insisted in 2013 OVER and OVER that the UNI Agreement was never consummated, remember? So by saying NOW that the UNI agreement was consummated, you are admitting that the takeover, if it ever existed, failed before June 2013.
It's called irony.
Advice from DC Man about when to take a loss! Priceless.
"Perhaps its time for you to take your tax losses on 10 year old losing strategies already."
"The aussies own no stock- they were appointed to their posts. Real Power is never given away- its taken by strength."
I am trying to figure out what DC thinks "power" means when it comes to Radient. Looks to me like the Aussies have all the power -- all 9 volts of it. Otherwise, the only person with "power" I have seen since the coffers ran dry and the salaries disappeared? Rosen.
"We will know soon enough how the restructuring is proceeding."
Funny how much this sounds like the six hundred other times DC has used the word "Soon." Eventually, out of pure luck, I guess he will be right and we will find out how the restructuring is "proceeding."
"Just follow the majority shareholder group." Meaning, follow wolfman, because HE is the majority group with his billion shares and 20% holding. Follow him right into the swirling porcelain throne of power. In Australia it swirls in the opposite direction but it still swirls DOWN and OUT.