Bushell, So far, this is what I have found out about Brown and Charter.
They are two of the principals who created private amdl Australia back in 2003 to sell DR70 in Australia and New Zealand. According to Radients financial reports, they never met sales quota.
Nothing more heard from them until 2010 when they signed a second agreement with Radient for sales. Again, never met minimum sales.
In 2011 they filed a "provisional" patent application (minimum cost, no information) for a DR70 saliva test. They never followed though with a real patent application and let it expire.
In 2013, Radient gave their sales territory away in a deal with UNI. See 8k.
Last month, they were appointed as management to Radient. Had the former CEO send a request to the SEC to revoke the stock registration ( IMO, this was unnecessary if they just wanted to reorganize). They also cancelled the current website and pulled the phones cutting off all means of communication with current shareholders. (suspicious behavior)
They have several websites under construction, one for their private company in Australia and one in Hong Kong for a saliva cancer test.
No further communication from them and no one knows what they are up to. They did leave an old website up that Radient used prior to 2010 but it has a redirect to the one they cancelled. amdl.com
IMO, since sales of DR70 has mostly been in SE Asia, I think they intend to quietly ship all of the equipment necessary for manufacturing DR70 to to their privately owned company in Hong Kong and the last 8k is probably all you will ever hear from them.
The stock will cease trading when the SEC acts upon their request to revoke. Should happen around Jul 15.
I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.
AI
