The Radient merger story is unraveling....
right before our eyes. With the snap of the fingers, Provista has finally been kicked to the curb.... only four years overdue, but the truth is difficult to accept sometimes.
Now the merger rumor shifts to Arima being the White Knight and owning the majority of shares. But that leaves no shares for the lenders, which means the lender debt has not been resolved.... so the Radient Pharmaceuticals shell is still $20 million in debt. That's kind of an unattractive shell, don't you think?
And all the posts -- literally thousands of them -- that insisted the lenders owned 31% and the Provista private shareholders owned 51% -- now we're admitting that those posts were just the figment of someone's imagination.
But if the Provista/Lender Ownership scenario was all a fabrication, then why should we believe this new scenario?
