Radient Pharmaceuticals Corporation fka RXPC

[Gold Seeker]

Living stated: "the company is called saliva test inc, the ticker is SPIT, trading on the OTC . . . OS will be a mere 100 million shares, (5 mil old SH, 50 mil lenders, 45 mil DIP/BOD) with a brilliant new test in development . . . add a couple of doctors to the BOD and they're ready to roll . . . doctors involved, low float, it's an easy .25 on the OTC"

Well, that's sure a dream. So you would claim Radient could be worth $25 million at that point?

Well, your numbers aren't correct. What are they operating on after they exit chapter 11? Someone needs to come in with cash for stock. These guys are taking a huge risk compared to the lenders who would be sucking the new investor like a leech.

No judge would approve an exit plan with zero money to operate. The company needs to have cash to operate for at least 1 to 2 years. How much are these doctors paid? How much is management given? How much is production costs? Marketing costs? and how much revenue is an unknown and unproven test going to generate?

Lets say the saliva test works and sales happen. Uni knows how to make the test and so does the Chinese pharma who also has it for sale. They undercut you and take 50% of your sales. What do you do? You can't sue, you have no patent.

This plan is doomed from the start. Give me something better.