How much are RXPC shares worth right now?
Isn't this really the bottom line? If you wanted to sell your RXPC shares on Monday, how much could you get for them?
The final desperate cheer of the bagholder in every ruined stock is "BUYOUT!" because it cannot be 100% proven wrong. RXPC is the poster child. Bagholders have been cheering "BUYOUT!" since March 2011 when it became apparent that Garza had abandoned the stock.
The cry of "BUYOUT!" became absurd when Radient revealed that the $20 million equity in Jade was really worth zero and they were defaulting on their new loans after only three months. I don't have a word to describe the "BUYOUT!" cheer today. Absurd doesn't do it justice.
"Farce" is close.
So, fine, pretend that "Insiders" own 4 billion shares of worthless RXPC stock and Provista is lying to its shareholders and GCDx is lying to the world. Pretend that Radient is secretly worth over $550 million, allowing Mac to exercise options for 11 cents a share and make a profit from it. Dress up the dolls and throw a tea party and call it a Radient Shareholder Meeting. Bottom Line: RXPC shares are worthless and this "discussion" has become a pointless waste of time.
I'll check back at the end of December when the REJECTED patent application changes to ABANDONED. I'm sure the same farcical rhetoric will be flowing on this message board. I don't understand WHY but I'm sure it will be. Until then, enjoy the next few holidays, starting tonight, when every trick-or-treater will come to the door dressed as your favorite Radient Officer or Director or IR rep.
