It may be true that Radient has not filed with the SEC simply because they do not have to file to maintain listing on the pinksheets. They may never file with the SEC again, simply because they do not have to.
I don't consider that to be good news for RXPC shareholders. I don't think that is the sign of a good investment. I think that even a shell should file with the SEC. Dignyte files with the SEC, for example, as do many other shells that ceased operations.
Correct me if I am wrong, but it sounds like the proponents of the takeover rumor are saying the following:
* this company filed an 8-K to announce the cancellation of the GCDx agreement, but then revived that agreement and received full payment, but didn't release another 8-K to reveal this because they are hiding this news to allow someone to acquire the stock at a lower price;
* A takeover entity is using smaller groups to each acquire 4.9% or less of the outstanding shares to avoid filing Schedule 13-D's, hiding their intent to take over this company.
Everyone's risk tolerance is different. But if even ONE of those is actually true, I consider this stock to be an unusually high risk. Astronomical, even. Just my humble opinion.
And I really am not understanding the assertion that some entity, other than Radient perhaps, filed secret patent applications for DR-70 that are SO secret nobody can find them in the USPTO database. I've done a lot of patent research in my time, and that defeats the purpose of patent searches. The USPTO makes every attempt to be transparent.
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