Nice theory if what you proclaimed had one ounce of probability to become factual...The point you are missing is that DC and JA have a great interest in the company stock. Two points you need to enter into your equation...The majority of the shares of RXPC are in a creeping takeover group or groups and the debt with the lenders has been negotiated...The last thing the lenders would allow is BK11...ProvistaDX can take the shell with no problems you understand..JA
Gold Seeker Saturday, 07/12/14 04:04:19 PM
Re: dcspka post# 23983
Post # of 23991
Dcspka, you cannot just take the Radient shell and reverse merge a company into it. Radient has 5 billion shares. That's a nightmare to deal with. You would have to get rid of those former shareholders. As for the $30 million in debt, you would have to deal with that also.
The Aussies would have to take Radient into chapter 11 and void all the shares but that still does not take care of the lenders. That is a lot of debt but if it is as you and some others claim that the lenders have taken shares, the Aussies can wipe them out the same as the other shareholders. That would be the perfect situation for the Aussies but lets not kid ourselves, the lenders would certainly not be dumb enough to own shares in Radient. That was just all a Wolfie dream.
With all the debt, 5 billion shares and being a stale corporation for over 3 years, it just does not have much value. How do you come up with financial data for the past 3 years. Everyone is gone. It would just be a financial nightmare.
IMO, you have heard the last from Radient. The Aussies just wanted what assets were left.
AI
