Radient Pharmaceuticals Corporation fka RXPC

[Gold Seeker]

Living stated: "a judge would approve the DIP, and the DIP may invest in the new entity . . . or they know other folks, maybe they have a mark already targeted? . . . you also keep putting too much weight on the success of the product . . . who cares? . . . do you realize how much money in biotech is burned on a failed phase 1, and how much more gets evaporated on a failed phase 2? . . . and on and on . . . we will never convince each other . . . all i'm saying is it's still a possibility . . . i give your scenario 60%, mine 40% . . ."

Come on Living, the attractiveness of the product is what entices someone to invest. You HAVE to have a product...something to make money.

How much money is burned on a failed phase 1? Living, a phase one is a small test to see if it harms you. It costs very little money and is usually done on healthy volunteers, maybe employees. Very little cost unless it kills people.

Your example had the lenders owning $10 million in stock after it was done. Do you think the new investor is going to be happy giving $10 million to the lenders?

Maybe you need the new investor to be insane.