Future worth of the company?
I do not care about current price. I base my opinion about "future worth" on the following:
1. When the last patent expires on June 3rd 2014, this company has nothing left to sell.
2. This company has at LEAST $18 million in outstanding debt, with no way to repay any of it now that the A/S is used up.
3. The company stopped paying maintenance fees in 2012. As a result, their one product is no longer cleared by the FDA and they no longer have a pending patent application in Europe.
4. Their only hope was NuVax, but the NuVax employees (Bhatia and Chang) left in 2012 when Radient stopped paying them.
5. the company has no offices and no manufacturing facilities.
6. All the officers except the CEO resigned. Then one new officer joined the "company," but that officer has a history with the CEO -- the last time they worked together, they failed to complete a merger, then one of them quit within weeks, and within a few months the other filed for bankruptcy. That company was PortaComm.
7. I am not convinced that Radient has money to pay the Class Action settlement. I will believe that when I see that money in escrow, and not before.
