DR-70 was built in 1970.
That's what the 70 in "DR-70" stands for.
You are correct: This company was not built in a day. It was built in the mid-90's by marketing men, not by doctors -- a doctor has never been a CEO.
MacLellan is the third CEO. Before MacLellan, this company reported a profit because of Jade, and never borrowed money - they did private equity placements instead. MacLellan took over in 2008 and under his command, the company borrowed money and proceeded to defaulted on every loan, and they allowed Jade to commit mutiny in China.
No, this company was not built in a day. It was not destroyed in a day either. IMO, it was systematically destroyed between 2008 and 2011. In January 2012, the destructino was complete.
The "longs" clamoring for a buyout should be careful what they wish for. In the REMOTE chance that some entity acquires this company, the acquisition will involve the filing of a Chapter 7 restructuring to get rid of the current shares and shareholders. There is no other way this company gets merged with, taken over, or bought out.
But that's all just conjecture -- no entity is going to acquire this company when they can license the intellectual property and manufacturing "secrets" for an annual fee of $100,000, as per the UNI agreement. That is Radient's business plan now, according to their last 8-K: sell licenses.
