Every nail in the RXPC coffin seems to make the merger rumor grow stronger.
That is one impressive rumor. Completely ludicrous, but impressive still.
Defaulting on every loan? All part of the plan to increase shareholder value. Delisting? planned. Reverse splits and A/S increased to 5 billion? Planned. Patent expiring and last patent application rejected? a smokescreen.
Radient Officers and Directors resigning abruptly? planned. New Officers promptly severing all means of communication and disappearing? Pop the champagne corks. Share registration revoked? Voluntary and cause for more celebration. New Officers re-appear a year later in Hong Kong, claiming all of Radient's research and IP as their own? Just another smokescreen.
Competition springs up everywhere, manufacturing and selling the now-off-patent DR-70? Smokescreens. Provista publishes the science for their new tests, proving they are not using DR-70? Just a diversion. New Directors take over AMDL Diagnostics and transfer the last meager assets (the Trademarks) out of Radient? All part of the plan.
The Creative Reverse Backdoor Creeping Merger Rumor refuses to die. If Charter, MacLellan, Reese, Brown, and Gartner formed a Band named CEOWOA (CEO's With Out Attitude) and sang their hit song "Getting Straight Outta Tustin: We are Not Merging," it would merely be a smokescreen and therefore proof that they WERE merging.
Give credit where credit is due. The Merger Theorists are not deterred by Logic or the Facts. "Tenacity" is the word I believe they now use, and I agree: they are Tenacious. But is Tenacity necessarily a characteristic of a successful biotech stock investor?
