Living, these Aussies are actually just small time operators. They aren't connected with any takeover. That is just a pipe dream for some bagholders who have a lot of worthless shares.
Look at Brown for a minute. His life has not been a life of Riley. He has been in jail. That follows you. He and Charter may have even met in jail.
Back in 2003, Radient was struggling to get approval for DR70. The FDA had turned them down and the home brew marketing had failed but wait, Australia approved the test. Charter and Brown became distributors for Radient without a pot to you know what in. Browns wife served as a director for the new company they formed. AMDL Australia pvt and Brown created a website, something that he seems to be good at, amdlaustralia.com. The marketing never went anywhere.
At some point, Charter, and idea man, decided to modify DR70 into a saliva test. In 2011, Charter filed a provisional patent for it but never followed through and let it lapse without even filing a real non-provisional patent application. Charter made another distributor deal with Radient but still never met any minimum sales.
Radient made a deal in 2013 with UNI that totally cut Charter and Brown out of the picture and gave Australia and New Zealand to UNI.
In 2011, Charter has a gaming website in Hong Kong. In 2012, he sees Radient flailing in debt in the throes of death. Charter thinks he may be able to take over the SE Asis distribution of DR70. After all, it was generating over $300,000 in sales of kits.
Idea man Charter thinks that if he could get DR70 shifted over to a saliva test, the revenue might be even more. He changes his gaming website to a cancer saliva test.
Charter now waits and gets ready for the patent to expire and the UNI deal to go away. He contacts Mac about the equipment and Mac says, "you take this off my hands and you can do what you want with it.".
The Aussies have Mac request the SEC revoke the registration so there is no longer any obligation for financial reports. Nobody will ever know where the assets went. They take over, start the process of shutting down, phone, website and they start a new website for AMDL Australia which will become the new website for their private company as a new distributor for DR70.
IMO, they will manufacture kits to get several months supply and then close down in the USA and ship everything overseas.
IMO, you have read the last 8k you will ever see filed for Radient.
The Aussies are smart enough to know that Radient will never again have millions to throw away. Investors are done with it and there is nothing left.
Maybe the Aussies will be successful with the saliva test and sell enough that Brown's wife will no longer have to work two jobs. I wish them well.
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.