The terms of the Rosen Lawsuit ARE finalized and agreed upon. Radient settles for $2.5 million, if they pay then Rosen and the plaintiffs let it drop. April 22nd is just the day that Radient is supposed to put the money into escrow. The court won't dismiss with prejudice until after that money goes into escrow.
Radient does not have the money, but the question is, will insurance cover the $2.5 million settlement? Looks likely, but I will believe it when I see it.
BK is not imminent. BK may NEVER happen. If the $2.5M settlement is paid by insurance, this company will likely never go BK and never do anything else, for that matter. No news, no developments, nothing, ever.
The "doom and gloom scenario" in 2011 was: "delisting, Jade equity revealed to be zero, company ceases operations, 5 billion shares get issued, stock price falls sub-penny." All that came true.
The "doom and gloom scenario" today is: crickets chirping, tumbleweeds rolling, and this stock staggers on like a zombie forever. Seems like that has already come true too.
The takeover rumor that was started in March 2011 is still staggering around like a zombie, too. I don't see that ever ceasing either. But, who knows, maybe the current proponents of the takeover rumor will give up, some day.
