Thanks for posting the link to the writings of the Radient prophet. Let's dissect that instablog sermon line-by-line for some laughs.
"The debt in question is one that AMEX officials would like to see converted to equity." Wrong - That's not what AMEX officials wanted. AMEX wanted Radient to prove they had Shareholder Equity. At that time, Radient had Shareholder Equity if the $20 million Jade entry on the balance sheet was real... but if that $20 million Jade entry was bogus...... Lucy, you got some 'splainin' to do.
"Both the debt holders and RPC are and have been in discussions to make this happen, particularly given the positive developments which are on the horizon (official India payments, scientific study paper publication, two public spinoffs which RPC will have ownership in , etc)."
All those "positive developments" were hype. There were no official India payments, the scientific study was "same old same old," and the public spinoffs that were supposed to be worth tens of millions of dollars were fabrications.
"Everything is completely under control and there are several options on the table which are very friendly and beneficial to the company and their future."
Nothing was under control, there were no options on the table other than death of the company, and nothing was friendly or beneficial to the company and its future. Nothing but bad things happened to Radient after Jade mutinied in 2009.
"Of course, you can't expect that the tabloid would report this. How can they? Company management and their lawyers refuse to speak to them- especially with potential lawsuit(s) in the works. (Ask them if they've been put on notice if you think I'm making this up.)"
Hmmm, wonder why Radient management refused to speak to Feuerstein?
"When it comes to the facts and demise of RPC, the bashers have not only been wrong, they've been completely wrong every step of the way. We are confident their histrionics and credibility dive will continue- especially as it relates to this matter."
No comment necessary for this paragraph, is there?
"This bigger question for us is what they're going to say when this all plays out. Who do you think will look 'mentally challenged' then?"
Was that really the "bigger question?" Because it HAS "all played out." And I think we know the answer to this "bigger question."
All just my opinion of course. No animals or bagholders were injured during the writing of this post.
