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When Charter bought the "young talent time" studio, the tv show had been cancelled due to low ratings. What did he have to pay for it? We don't know but it might not have been much.
I just think his bio is extremely over inflated and if Charter was "rich", I don't think he would be messing around with Radient.
Jimtash, you can use google to only search Australian websites. The guy is not famous. There are only about 4 hits and two of those would appear that he wrote himelf and one of them is the fraud conviction.
All I am saying is that Dennis Charter is not the "savior" of Radient some are attempting to say. I don't think anything good is going to happen via Dennis Charter. Both He and Brown are from AMDL Australia, a private company, and they may only want the equipment, supplies and technology to ship back to Australia.
He claims to have had the idea about a prepaid card but it was clearly developed by someone else. He has no patent on it.
Jimtash, Do you really think Dennis Charter "invented" a cancer test like it states in the 8K?
I searched the Australian patents and the USA patents and found exactly ZERO patents invented by Dennis Charter.
The Australian patents showed on provisional that was abandoned but that never even made it to becoming an actual patent application.
His Wiki page is definitely full of hot air.
The age of the new CEO of Radient would have indeed been 49 years old in June 2002. His bio has his birthdate of 25 Nov 52.
Same age, same location, same field of work.
Other statements on his wiki page are exaggerations like the claim he invented a cancer test when it was really just a dr 70 test.
I wonder how many people still think this guy is going to save their shares in Radient.
That is really laughable.
You have to wonder is the other things he supposedly invented were done the same way he invented his cancer test.
Charter is laying it on thick with his wiki page. He claims to have invented a universal cancer test in 2003.
What he was really doing was using DR70 and testing it without even a license from Radient.
This is from the 10k in 2003:
" In January 2003, the Therapeutic Goods Administration, Commonwealth Department of Health and Ageing, Australia, issued to AMDL Australia Pty. Ltd, our identified Australian distributor, a Certificate of Device Listing. We have not yet finalized the terms of our exclusive distribution agreement with AMDL Australia Pty. Ltd. At the time we enter into a distribution agreement, we normally grant a license to use the name DR-70® and provide narrow territorial restrictions for each distributor."
From his wiki page:
"In 2003 Dennis Charter invented a test for Cancer using only a small swab of Saliva from your mouth. By 2012 that Saliva Cancer Test [3] had been developed and proven in clinical trials of over 6,600 people to detect up to 20 major solid tumour cancers."
You should understand that DR70 is an IVD test and you can use blood or saliva. Using blood would be a more sensitive test than saliva.
Patent application Australia....Lapsed.
Detection of fibrin and fibrinogen degradation products and associated methods of production and use for the detection and monitoring of cancer - AU2009343805
ABSTRACT & PATENT DETAILS
Inventor/s: Small-Howard, Andrea Assignee/s: AMDL, Inc. WO 2010/114514 PCT/US2009/038833 DETECTION OF FIBRIN AND FIBRINOGEN DEGRADATION PRODUCTS AND ASSOCIATED METHODS OF PRODUCTION AND USE FOR THE DETECTION AND MONITORING OF CANCER FIELD OF THE INVENTION [0001] The present application relates generally to methods of producing and to the production of antibody populations against fibrinogen and fibrin degradation products (FDP), to the antibody populations themselves and to related methods of use, to the detection of cancers and for monitoring the progress of cancer treatment by immunochemically measuring the quantity of FDP in serum. BACKGROUND OF THE INVENTION [0002] Despite recent advances in the understanding of cancer, current techniques for the screening and identification of cancer leave room for improvement. Methods known in the art for screening cancer attempt to detect cancer-related antigens by using antibodies. Antigens are macromolecules, such as proteins, nucleic acids or polysaccharides, which are capable of eliciting an immune response in the body. The immune systems of mammals and other animals have the ability to detect foreign agents, such as the antigens associated with cancer, and to respond to these antigens by producing antibodies which specifically target and react with those cancer-associated antigens. Thus, there is a strong correlation between the detection of these cancer associated antigens or the circulating antibodies that target these antigens in a mammal's circulating blood and the existence of cancer in that individual. As a result, tests that detect the existence of such antigens or antibodies are useful in the screening and diagnosis of cancer. [0003] One promising cancer-associated antigen target is a pool comprised of both fibrin and fibrinogen degradation products (FDP). While the production of both fibrin and fibrinogen degradation products is restricted in healthy individuals, FDP are over produced in cancer patients when proteolytic enzymes, such as plasmin and thrombin, are released by cancer cells. In addition, FDP are produced as a by-product of other cancer-related processes, such as angiogenesis and metastasis. Because FDP leak 1
This page contains all relevant details related to patent number AU2009343805. This patent was filed on 30/03/2009 and has a status of LAPSED. The inventors associated with this patent are:
Small-Howard, Andrea
The applicant/owner of the patent is registered as AMDL, Inc.. They used the patent attorney firm Pizzeys to file this.
Australian patent AU2009343805 is one of over a million that we feature on IP in Australia which covers the entire spectrum of patents in Australia. AMDL, Inc. is also one of thousands of applicants we’ve analysed. We also understand who are the most prolific inventors in Australia with details on all the patents attributed to individuals.
Because we have insights into all the attorney firms that have been used across Australia including which specific patent attorney worked on each patent, we have access to unique analytics on the best attorney to use if you have specific patent needs i.e. it would make sense that the patent attorney you should use for your invention is the one who is most active and has the most experience in your technology area.
Filing patents is a time consuming and expensive exercise which is why care needs to be taken ensuring that you’re working with the right individual.
Because we’re an independent third party we can give you unbiased insights and recommendations on the right partner to choose. For more information contact us
Publications
Vol/Iss Pub. Date Publication Action Reason
27/41 24/10/2013 Patent Lapsed Did not pay a continuation fee within the prescribed time.
25/38 29/09/2011 National Phase Entry
Dcspka stated: "AMDL Australia is a subsidiary."
Absolutely FALSE. AMDL Australia is a private company who has a license from Radient to sell DR70. That's it. Nothing more.
Whatever the new management has planned. I don't think it is going to be good for the current shareholders.
We know for a fact that the stock is no longer going to trade in a few weeks.
"On April 15, 2014, the Company executed an Offer of Settlement with the Securities and Exchange Commission revoking the registration of the Company’s securities."
02/223 Former director of Kiss Corporation jailed
Monday 24 June 2002
Mr Dennis Charter, 49 years old of Geelong, was today convicted and sentenced in the Melbourne County Court to 18 months jail in relation to one charge of improperly diverting a cheque for $402,500.
The charge, brought by the Australian Securities and Investments Commission (ASIC), followed an investigation into Kiss Corporation Pty Ltd (Kiss Corporation), a failed multimedia company with a recording studio facility in Chapel Street, South Yarra during the late 1990s. Mr Charter was a director of Kiss Corporation.
Mr Charter had earlier pleaded guilty to one charge relating to the improper diversion of a cheque for $402,500 made payable to Gotham Audio, which formed part of a loan that Kiss Corporation had obtained in 1997 for $1 million from GE Capital.
The cheque was subsequently deposited into a newly opened bank account, at the time in the name of Cotham Audio Pty Ltd.
Mr Charter was ordered to serve nine months of the 18-month sentence, with the balance to be served by way of a recognisance order. The terms of the order require Mr Charter to be of good behaviour for two years and to pay $500 for any breach of the order during this period.
The Commonwealth Director of Public Prosecutions prosecuted this matter.
https://www.asic.gov.au/asic/asic.nsf/byheadline/02%2F223+Former+director+of+Kiss+Corporation+jailed?openDocument
Jimtash, the new management does not appear to own any shares or they would have to file the info with the SEC.
Also, you are just bypassing the redirect by going directly to another page of the old AMDL website. If you go to amdl.com, it just redirects to a deleted website.
For over 4 years, the amdl.com website has had a redirect to radient-pharma.com
Yes, I think they thought they had gotten rid of the website.
Jimtash, where do you get the money for a shareholder meeting? Wont happen.
If they do anything at all other than ship all the equipment and supplies for manufacturing to Australia, it would be to go chapter 11, void the stock and start a new company.
That would be the logical way to reduce the number of shares but that takes an investor for DIP financing, an agreement with the lenders to take shares in the new company and financing for moving forward.
If you intend to promote Onko Sure, why would you close out the website? Dcspka says a new website is on the way. That is never how it is done. The old one aways continues while the new is being built and when done, they just switch.
These guys are just shutting things down.
Remember, the only remaining patent expires in less than a month. With the free equipment, AMDL Australia can manufacture DR70 for free.
Jimtash, ask LS on the other board. He has mentioned them as being felons twice and that he found the information in just a few minutes of DD.
What is evident here is that their actions aren't making good sense. If you are taking over a company, wouldn't you want to be able to communicate with shareholders? They are eliminating all the communication paths.
Dcspka, why would they disconnect the phone at radient?
Just read some posts from the other message board. Lakeshore states that two of the new management team have convictions for security fraud.
Hmmm
Wonder what these guys are really up to. They have shut down the website and disconnected the phone. I would guess that anything of value in the place is being boxed up and shipped to Australia.
OilSlick, I have followed this stock since they got approval of DR70 in 2008. I have never owned any shares but I was interested to see if there was any market for a universal cancer marker. The obvious answer is NONE.
However, all the lies by management and Garza made me continue to follow the stock and post the truth.
In mid 2012, the lenders had given Radient another $350,000 in order to file a current 10k with the SEC. That would allow the lenders to continue to sell shares under rule 144. Each of the lenders probably intended to ration sales but the stupid lawyers for Radient who did the 10K just dumped their compensation shares on the market. The bottom just dropped out of the price.
OILSLICK, I know a TON about this stock and the product. There is no way this company will ever be a success even after a reorganization. Your shares are going to be frozen in a few weeks with trading is over. It is all there in the filings if someone ever desires to read.
Dcspka, the problem with your post is that none of it is true.
The lenders do not own any shares. They would sell shares daily, give Radient notice to convert warrants in that amount and send the certificates directly to the selling broker. Just read the agreement with the lenders. The method of sale is spelled out in black and white.
As for Mac, he never held any shares and there is not "takeover" group and the most ridiculous thing I ever have heard is a "creeping takeover". Just garbage.
Janice, at least two things are new at Radient. When the new management took over, they shut down the website and disconnected the phone. They do not want any contact with anyone.
Janice, this debt was over 16 million in 2011. The lenders were converting warrants and were always converting at a cost less than what the shares were sold for. The interest on the notes is 24% so for three years, the debt has to be somewhere in the 25 million plus area.
Cancer stocks always have that "magic" aura about them where investors want to gamble. IMO, these guys knew the stock was going to be revoked, contacted Mac to see if they could take over and possibly find another sucker investor.
The new CEO and Mr. Brown did not even file an actual patent application for their "invention". It is a provisional and it has lapsed.
IMO, I think these guys want to take over the same scam MacLellan was running. Find an investor, issue new stock, pay themselves high salaries, let it run for as long as financing holds out and then walk away.
Australian patent filing...lapsed.
"Inventor/s: Brown, Darren Charter, Dennis Dirks, Chistopher Assignee/s: AMDL Australia Pty. Ltd. This page contains all relevant details related to patent number AU2011901578. This patent was filed on 29/04/2011 and has a status of LAPSED. The inventors associated with this patent are:
Brown, Darren
Charter, Dennis
Dirks, Chistopher
The applicant/owner of the patent is registered as AMDL Australia Pty. Ltd.. They used the patent attorney firm AMDL Australia Pty. Ltd. to file this.
Australian patent AU2011901578 is one of over a million that we feature on IP in Australia which covers the entire spectrum of patents in Australia. AMDL Australia Pty. Ltd. is also one of thousands of applicants we’ve analysed. We also understand who are the most prolific inventors in Australia with details on all the patents attributed to individuals.
Because we have insights into all the attorney firms that have been used across Australia including which specific patent attorney worked on each patent, we have access to unique analytics on the best attorney to use if you have specific patent needs i.e. it would make sense that the patent attorney you should use for your invention is the one who is most active and has the most experience in your technology area.
Filing patents is a time consuming and expensive exercise which is why care needs to be taken ensuring that you’re working with the right individual.
Because we’re an independent third party we can give you unbiased insights and recommendations on the right partner to choose. For more information contact us"
http://www.ipaustralia.com.au/applicant/amdl-australia-pty-ltd/patents/AU2011901578/
IMO I do not think the new management is fully up to speed on the details. They probably only know what Mac has told them.
In 2012, I thought the lenders would force Radient into bandruptcy but that certainly didn't happen. I certainly did not see this coming nor did I see a new management team either.
The SEC has been taking action this past year on companies who are out of date on filings.
The new management is not going to put any money into Radient to bring the filings up to date unless they find someone who could bring them out of chapter 11. Huge hurdles to overcome. I don't think it will happen and in a few weeks, Radient will no longer trade.
If you look up "whois" for Dennischarter, you will find the website was started in 2009. It was last updated on April 13. It looks as if he has attempted to add some medical expertise to the website. I searched for any patents regarding a cancer test but found none.
If Dennis Charter invented any cancer test at all, why can't you find any patents or applications with him as the inventor.
I sense huge hype on his part.
The posts about a "takeover group", GCDx or Provista are just garbage. It has been a subject of some posters for about 2 years and nothing has happened other than the lenders continued to convert warrants, etc and sold shares up to the limit of almost 5 billion shares.
The lenders are currently owed around $30 million.
The new management has absolutely NO connection to any of the so called "takeover" group promoted by a few posters.
IMO, the chance of any new management salvaging anything in this company is slim to none.
MacLellan licensed out their only product to UNI in Taiwan for $100k per year and that will cease in less than a month when the current remaining patent expires.
The new management needs to get all the SEC filings current. No filings have been made for two years.
They need to find some financing and their only method is to offer shares in a new company. No bankruptcy judge is going to accept a plan where the "new company" would begin with debt. All that debt has to be resolved. The current and any new shareholders shares would be voided when a plan for the "new company" would be approved by the bankruptcy judge.
I just don't think any new management can get all those things done.
This stock will cease trading in about 3 weeks and that will be the end of Radient.
Their website is even gone. At this point, the new management of Radient want nothing to do promoting the stock to any potential shareholders when they know the stock will cease trading in a few weeks.
The website was there yesterday and it is gone today.
On USFF, the settlement agreement was submitted to the SEC on on December 18 and the law judge issued the order to de-register on Feb 6.
For RXPC, I would guess the revoking will happen in about 3 weeks.
Dcspka, there was no threat of revocation. It is a fact that it was agreed to by MacLellan on April 15, 2014. It will happen in about 3 more weeks.
The new management can file for a new registration once they get the sec filings current and have some sort of plan to continue the business. I doubt the SEC will give a registration statement to a company who is insolvent.
Radient's website has been shut down. It's over and soon the stock will no longer be traded. Do not hold any shares overnight.
Everyone should read the 8k.
"On April 15, 2014, the Company executed an Offer of Settlement with the Securities and Exchange Commission revoking the registration of the Company’s securities."
It cannot be any clearer than that. I checked several other companies who had also agreed to an offer of settlement revoking their registration. It usually took a month to 6 weeks for the SEC
Administrative Law Judge to sign the order. Once the order is signed, trading will cease.
Expect trading to cease in about 2 to 4 weeks.
JimTash, filing bankruptcy costs money. The Rosen suit settlement was paid by insurance. Bankruptcy would not have affected the lawsuit nor deterred it.
There are 5 billion shares outstanding. I SAY AGAIN, 5 BILLION shares. All current investors hold stock in an insolvent company.
The guys now running this company have zero interest in your shares and any new investor is not going to share his money with YOU.
Say goodbye to your shares in any bankruptcy plan. Also, once they file a bankruptcy plan of reorganization for chapter 11, if an investor cannot be found, the chapter 11 filing will revert to chapter 7 and your shares will be gone also and any assets other than the dip financing will go to the lenders.
8k out - insolvent - intent to restructure.
(restructure means bankruptcy and common shares would be voided)
http://archive.fast-edgar.com//20140506/ASA99G2CZM22VZZZ272G2ZZ9UB4SZB22Z262/
New chairman, ceo, coo and board member.
"There can be no guarantee that any new business or restructuring transactions will be completed or that they will provide sufficient capital to carry out the Company's business.
On April 15, 2014, the Company executed an Offer of Settlement with the Securities and Exchange Commission (“Commission”) pursuant to Section 12(j) of the Securities Exchange Act of 1934, revoking the registration of the Company’s securities."
Amadeus, the plan is to restructure. That means VOIDING the shares you just bought.
Read the 8k. Restructure means BANKRUPTCY.
JimTash, it doesn't matter that 5 billion shares are outstanding. Restructuring gets rid of them.
JimTash, From reading his bio, IMO, the new chairman believes DR70 could be a marketable test.
The CEO has lived in Asia for 22 years and obviously, the market the new chairman is looking at is Asia.
It will be the COO's job to get the lenders to take shares for their notes and to find DIP financing as well as some sort of longer term financing.
Bankruptcy can void all the current shares so that is not a problem and any bankruptcy judge would certainly accept a restructure plan to void all common share in a company that was insolvent. (read the 8k... Radient is insolvent).
IMO, the lenders won't throw any more money in the fire and Onko Sure is old news.
They also have to deal with the UNI agreement which gave them DR70 for $100k per year in Asia.
NO Jim, a buyout is NOT still on. Why would you buyout Radient with 5 billion shares and $30 million in debt? It would be insanity.
Read the 8K. It says "restructure".
Here is my advice for anyone willing to listen.
Ride this up for a while but any sane shareholder needs to sell before any further announcements. It will take some time to find "DIP" financing if at all possible. You probably will not get another 8k until some sort of financing is found for the restructure.
Beware though, it is a risk to hold because any restructure will indeed void the current shares. The only think that saves anyone in this situation is naïve investors who think the stock will continue to go up and are unaware that the restructure will void the shares.
JimTash, Once again, I agree. The SEC will accept the settlement and they will allow radient to restructure.
As for Gartner, why would he want to share anything with the new company and the lenders. He has everything he wants. The patent expires in less than a month. He has all the technology necessary to manufacture DR70. All he needs is financing for GCDx and he could attempt to market his product.
After June 3, Radient has nothing to offer him. Why would he want to put money in a company that probably will not be successful. If he is going to be unsuccessful, why not do it with just GCDx?
Where will the CEO get the debtor in possession financing?
IMO, the lenders are done and will not put any more money in Radient. The CEO will have to look elsewhere.
The question now is if the lenders will take common shares in the "new company" to resolve their debts.
IMO, they do not have anything to lose in taking shares for their notes. The notes are essentially worthless right now unless the company restructures and gets rid of the 5 billion shares.
JimTash, I agree. The SEC will no doubt accept the settlement to allow Radient to attempt restructure but I thought it was interesting that the SEC sent them a notice to close out their securities.
So Dcspka, what's the plan now?
Do you still want to call him "Dougie Mac"?
He just threw you under the bus.
This ends all speculation of a merger, buyout or takeover.