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Living, it could be UNI who sold the kits. We don't know but it doesn't matter because I don't think it is Charter. It could also be the Chinese who also have the kits for sale. I posted that website about a year ago but who made the kits doesn't matter anymore. Anyone can make or sell the kits if they have the manufacturing capability or a market for the test.
Living, it doesn't matter any more.
The UNI agreement is VOID. It was cancelled when the last issued patent expired. UNI has no "territory" anymore. What ever market DR70 is up for grabs for anyone, anywhere.
There are only 3 people who have the inside manufacturing technique that Radient used. UNI, WG, and Charter.
Others could probably develop their own procedures so who knows how many people could make the test now.
India was a territory of UNI but now, it no longer matters. I do agree that SRL was selling the kits that Bhatia had but this is probably new tests. I did email SRL about 6 months ago and they are no longer selling DR70.
Runcoach, I never owned a single share of Radient but I did buy some of Biocurex. A friend asked me to look at Biocurex for him. I told him that I thought it would go nowhere even though the CEO had an agreement with Abbott labs for evaluation. Then low and behold, the guy running the program at Abbott was going to present a paper at a European medical conference regarding the test. Abbott had never presented a paper on a product they were not going to proceed with so I bought some shares. Sucker me indeed because I thought that conference would probably be followed by an announcement from Abbott.
Well, conference was held, results presented and nothing happened. Then a few months later, the PHD guy presenting the paper was no longer working for Abbott but for some obscure Canadian company. He obviously got axed. I sold the stock but indeed lost quite a bit of money on the gamble. I certainly learned my lesson on gambling.
Radient actually looked like a decent gamble when they were transforming into a Chinese pharma but my experience with BioCurex was back in 2008 where I was burned by that lying CEO. Luckily I did not gamble again and sure enough, the Chinese thing blew up. That's when I began negative posting on this board because I knew DR70 was a total dud just like all the other pan cancer markers and that's all Mac, the next lying CEO, had left.
No Jim, it is not true. The technology never had much if any value at all.
It is a funny thing about pan cancer markers. That is the official terminology for a universal cancer marker. Lay people think it is something fantastic. A single test to tell you if you have cancer? What could be better. People would throw there money at it thinking it was a great investment. There are lots of markers that were never pursued and those that have have never gotten anywhere. RECAF was one of them where a "doctor" of sorts scammed millions from investors before finally having the stock revoked. Panacea never went public with their HaaH marker until they went to Canada and it is now a penny stock going nowhere.
There always seems to be a sucker to buy into the hype pushed by a CEO's but it is now getting harder to scam money from investors. Charter can't get anyone to buy into his spit test and WG cant find any financing for his lung test and they never will. Even the most stupid investors at least want patents. Biocurex had a patent. Panacea had a patent. Radient had a patent but they have all expired and two of them had their share registration revoked.
What's wrong with a pan cancer marker? Too many false positives and it does not tell you where the cancer is if you actually have one. I remember a real medical doctor calling RECAF "interesting but a waste of time and money". I remember posters on IHUB saying, "gasp, what's wrong with that doctor." "He probably isn't a real doctor."
Support your reasoning why Mac would contact Charter.
Remember these facts.
1. Charter has never made any sales of DR70 as a distributor. (verified by sales amounts listed on 10K) Sales were coming from Taiwan, Vietnam and Korea.
2. Mac gave UNI ALL of Charters sales territory in 2013.
3. Charter had been totally cut out of any relationship with Radient.
Now again, attempt to give a valid reason why Mac would contact Charter. There is none.
Charter does need something from Mac. He has a spit test that he is attempting to get funding for and Mac has given the rights and know how to manufacture DR70 to both WG and UNI. Charter knows DR70 is going off patent and he wants that technology to go with his spit test.
Charter contacted Mac while they were still manufacturing kits.
Charter had obviously contacted Mac wanting the technology. I will agree that Mac did want to wait until the class action was settled because he wanted to use stock to pay his lawyers fee.
Charter wanted the technology but when Mac just offered him the company, being "broke" that he was, he took it. You could also be assured that Charter had never read the financials.
Living, you are not looking at the big picture. WG made the deal with Mac in 2012 to get the technology. WG scammed him. Mac made the deal with UNI in 2013 and gave them the manufacturing data and ALL the territories. UNI scammed him also and is not working on the application as required.
Charter knew the patent was expiring on DR70 and called Mac to see if he could get the technology also but had no money. Since Radient was a cooked goose anyway, Mac just gave it to him.
In the 8k, Charter states that he will see if Radient can be reorganized knowing full well it was impossible. What else can he say when he takes over with the intention of stealing the technology. The truth? No, that never happens.
WG got all he wanted when he got the technology to manufacture his DR70 test.
Charter didn't have anything at all. No technology, no territory, NOTHING.
That's why they are different and that is why Charter initiated the contact with Mac. WG would have needed to be brain dead to take over Radient.
Living, that's being ridiculous. Give us one reason why WG would want Radient. He got all he ever wanted.
Living, you can be assured that Mac was not actively looking for someone to palm off Radient to. He would have assumed that no one would be stupid enough to take over. Charter wanted something and contacted Mac. Charter knew Radient was going to disappear and he wanted the technology to manufacture in case he ever found anyone interested in financing his spit test.
DR70 was going off patent in one more month so Radient's assets would have been zero. Instead of wasting his time with some sort of agreement, Mac just gave Charter the company.
Why would Mac contact Charter? He last had dealings with him in 2011 and in 2013, he gave ALL of the territory Charter had to UNI. Do you think he called to apologize? Mac has left other corporations blowing in the wind with his name still on them. Why not do the same?
Radient was not a suspended corp in California. It was a Delaware corporation. What has been suspended is the license to manufacture medical products in California.
http://www.cdph.ca.gov/certlic/device/Pages/MedicalDeviceSaftey.aspx
Living, You need to decide what happened last year. Did Mac contact Charter or did Charter contact Mac and what would have been the purpose of the contact?
DR70 has no patents at all. It is free to anyone who wants to use it including Charter.
No, he owes nothing to former Radient shareholders.
Take Profit, You intend to sue Charter. Good luck and I hope you have lots of money to waste.
Living stated: "sorry GS, no way did charter take on the responsibility of CEO without doing his DD"
Do you think Charter cares about any of the poor saps who owned shares in Radient? What responsibility does he have? Is anyone going to sue him in China? When he took over, Radient was going to be revoked and it was no longer even a corporation in Delaware.
Charter has zero responsibility now. Has he committed any crimes relating to Radient? No. Is he responsible for any debt? No. Is the Sec going to get hime? No. Is the FDA going to get him? No. Is the Orange count sheriff going to get him? No, they will just seized the stuff in Tustin. Is Charter going to be sued by former shareholders? No.
So, what is he responsible for?
DC, After they decided Radient to be a "lost cause", why would anyone do anything more to the websites at that point?
There guys aren't so dumb that they would try to revive a dead horse.
Living, after Brown registered the websites, something made them decide to cease doing anything at all.
IMO, when Mac offered up the company to them, they basically said, "why not." It not only gave them the IP info they needed for the saliva test, they could also look to see it there was anything of value left. Once one of them actually looked at the SEC filings, they quickly saw Radient to be a lost cause and just took the IP info and disappeared.
DC, Please explain why the Aussies registered two domain names for, as you claim, no reason at all.
If the Aussies intended to do nothing as you claim, why would they bother with the websites? You make no sense at all.
DC, I don't think the Aussie's were DOA. They actually did a few things. They registered some new websites so they did think about doing something with Radient. The problems occurred later when they actually looked at what was left of Radient. At that point, it was declared dead.
IMO, Charter managed to get the manufacturing details from Radient which is what he probably wanted for his saliva test.
This is the agreement Mac had with Charter and then in 2013 took everything away and gave it to UNI.
From the 2013 UNI agreement.
“Territory” means the following countries: Taiwan ROC, China PRC, Hong Kong, Malaysia, Singapore, Indonesia, Thailand, Japan, India, Turkey, Australia and New Zealand. With RXPC approval, additional countries can be allocated on a country-by- country basis."
Charter probably was not too happy. Since the patent was expiring in a month, Mac just gave the company to Charter. It would appear to me to just that simple.
Living, The initial deal with AMDL Australia was back in about 2003. That agreement expired. Then for what ever reason, AMDL Australia signed another distributorship agreement in 2010. Then Mac gave away the territory of the AMDL distributorship to UNI and also later gave UNI the rights and knowledge to manufacture the test. Charter and Brown were left on the outside.
Who knows what went on but Charter undoubtedly contacted Mac to see why Mac violated their agreement. Mac just gave him the company.
I doubt if Charter ever does anything with the spit test because it requires raising money.
Living, this is what Charter claims on his Wiki page.
"In 2003 Dennis Charter invented a test for Cancer using only a small swab of Saliva from your mouth."
Charter in no way "invented" that type of test nor did he run any trials and there is no evidence at all. Charter has no money. He just got out of prison in 2003. He just has an inflated image of himself and an idea to him is an invention is his mind.
There are actually scientific papers covering fibrin degradation products in saliva that date back to 1985 so he knew it would probably work.
Is Charter ever going to have an actual saliva test? Just like LS stated, Charter would have to come up with money somehow and not many people like giving a felon money.
Living, Charter never had any IP. His company was only a distributor for Radient.
If he ever wanted to do anything with his spit test, he needed the info on how to make test kits just like Gartner wanted for GCDX.
I don't buy at all your idea to hold until the debt goes away. Once Charter had the manufacturing info, there was nothing else but maybe some of the equipment he would want.
Fat cat, I doubt that Charter intended to take over as CEO.
These is what I think occurred.
Charter has ideas about a saliva test using DR70. He has never done anything with it most likely because he has ideas but seldom executes. He did steal money back in 2001 so I supposed he does execute once in a while whether it is well thought out or not.
Anyway, my guess is that he knew Radient was in the process of dying and Mac had given the technology on DR70 to a couple of companies. I think he approached Mac to see if he could also get the same technology in case he ever did anything with his spit test. At this point, Mac has just squeaked by and escaped the class action suit and DR70 was about to go off patent. Mac just probably offered up the company and Charter could do as he wanted with it.
Charter enlisted his buddy from prison days to help. Brown has a lot of websites he has created so I suppose he just did one more in case they wanted to do something with Radient. I would bet that was the first time Brown ever looked at Radient closely and quickly saw it to be a lost cause.
I would bet that anything of value that could be quickly sold is gone from Radient and I also bet Charter and brown ended up taking what they could from Radient. That is the basic premise that gets most people in prison.
Nothing more is ever going to happened with Radient.
Living, I called the lab back in NJ in 2012 when they first began as a distributor of Onko Sure. He hadn't sold any. I called the number on the website yesterday and it is disconnected now.
That would certainly lead you to believe they were out of business.
NeoloMed. Well, I guess the attempt to sell Onko Sure was the final straw that put them out of business.
Now that's the way it goes for Onko Sure.
The website some touted as the new website for Radient has now expired.
http://amdl.com/
Can this be touted as "good"?
Looks like the secret triple bang reverse merger has gone into hiding forever.
Living, without BK, you need shareholder approval for a RS. How many current owners would vote to wipe themselves out?
Why would anyone want to use Radient as a shell with all the debt and unhappy shareholders. It isn't even a publically traded company any more nor incorporated.
It would be insanity to say Radient was a candidate for a reverse merger.
Look at these clean shells available.
http://www.mergernetwork.com/public-shell-companies-for-sale/page-1
Underdawg, It does not matter who the patent application was assigned to. Ms. Howard is the only one who knows enough about the application to be able to respond.
It is also a foolish statement to say other claims can be added to an application. All you can do is remove claims or explain how the examiner is incorrect in the denial of a claim.
You might as well admit that the application is DEAD and GONE. No one is going to attempt to get it reinstated nor is anyone going to respond to the claim denials.
Again, please state what you dream to be Radient assets that would be a positive in any kind of merger.
Radient has one asset left, CIT and Radient has already declared it to have no value.
Radient is no longer any type of shell because it no longer has public tradable shares.
What is left....NOTHING.
DC, you apparently do not understand how things work with the patent office. Radient cant appeal anything. It is the author of the patent who would petition to reinstate the application. That would be Howard and from what we know, she is now working for a MJ company and is probably no longer interested.
Underdawg, Even after the patent application is declared abandoned, a petition can be submitted to reinstate the application. It is not that difficult.
The problem is not getting the application reinstated. The problem you have is actually having someone respond to the final rejection notice. There is no communication going on between Radient and the USPT. Radient no longer has a patent agent. The address the USPT has is invalid as well as the phone and email.
You should take this up with UNI Pharma. They were supposed to continue the patent application. Try suing them.
However, if you read the agreement, it was cancelled the day the last issued patent expired and after that date, there would be no requirement for UNI Pharma to do anything with the patent application. Mac's agreement with UNI had a lot of holes in it that you could drive a truck through.
Well, try suing anyway and name Mac in the suit also for his part in the deal with UNI. You can also be assured that Mac emptied the loose change from the cash drawer into his pocket before he signed Radient over to the Aussies.
Why don't you list what assets Radient still has. It would be interesting to see what you can dream up.
Radient became a scam in 2009 and that was a decision made by Mac.
He created the India scam.
He created the CIT going into trials scam.
He created the Mayo clinic scam.
He created the onko sure better than CEA scam.
Those scams ceased to exist when Radient was REVOKED.
The posts about a possible Radient merger are just lies.
Radient never had any business dealings with SRL per statements made by Mac.
SRL got their kits from Bhatia of the India scam.
Oh, I misread it. Inventory is not taxed so Radient did not file anything for taxes and the county just seized the property based on their own assessment. If Mac had filed his business taxes, based on the $65k, no taxes would have been due. Looks like Mac wasn't devoting much attention to Radient anymore even well before he totally resigned in 2014.
Business property taxes are based on inventory and property.
Current assets:
Inventories 89,787
Property and equipment, net 65,685
Clearly, taxes were due for 2012 and unpaid.
The notice was a property seizure for delinquent business property taxes for 2012. It did not say how much was due.