Mayo Clinic was in the gray area. The SEC filings clearly explained what Mayo was providing. People need to read SEC filings.
Question is, what will a jury say in November. Bad luck for Radient, to have to explain those PR's to a jury -- a judge might have let Radient off, but juries are comprised of Joe the Plumber, and Joe is suspicious of CEO fat cats. I would be worried if I were MacLellan.
Dead Ghandi was just a typo by MacLellan as he waxed poetic, and Mac never said the $10 million deal was a sale -- he said it was a distribution agreement. The Guar Diagno PR's were just Safe Harbor CEO Hype, like all of MacLellan's revenue guidance that everyone learned to ignore.
What I find fascinating is: Garza said that $10 million deal was a SALE, and he said there was a $4.50 per share buyout offer on the table, and nobody can sue him for fraud because he has a disclaimer that he can't be sued for his "opinions." Even when he states them as fact on his BMR website and on Seeking Alpha.
RXPC is not a scam or a fraud. It is just a failed company -- Mac is not representing the company as anything else. Garza, on the other hand.... He said "no delisting," he said the lenders were happy, he said the lenders wanted to own Radient shares, he said Jade was worth something, but the WORST was that $10 million India deal. $10 million in revenues would have saved Radient in 2011.
