We are not even in square one, IMO. The board was folded up. The game didn't start over, the game ended.
I agree, it doesn't get any worse than this. Bankruptcy would have been better for Radient shareholders because in a bankruptcy the ticker still trades, at least for awhile.
And in a bankruptcy, Radient shareholders might have been treated to disclosure and known the truth about the debt and the absence of any kind of merger or takeover.
Revocation of Shares, by definition, should have ended the Creeping Backdoor Merger Rumor. Accumulating shares for a merger makes no sense if those shares are then revoked. So what will kill the rumor now?
If Provista doesn't mention Radient on their new website?
When the patent application status changes from Rejected to Abandoned?
The Aussies announcing a new company in Australia or Hong Kong?
I don't think any or all of those will kill the takeover rumor. If the rumor can live through Revocation of Shares and the Radient Corporation getting voided, the rumor cannot be killed.
