Replies to post #20964 on Radient Pharmaceuticals Corporation fka RXPC

[runncoach]

So you bought shares above a buck basically and averaged all the way down to .0001? Hmmm...Interesting.

Just about every shareholder who has bought here has "got BURNT". The ones like me that realized there was little space in the market place for DR-70 got out without much pain. Good luck with your catching a falling knife and the missed opportunity cost of a stock market that has gone ballistic since your purchases here. I honestly mean that. It's been a long and nasty ride for these guys best I can tell. As I mentioned before looks like Rosen will end up with more money off this lawsuit than then entire gross sales to date of DR-70 during its patented life if I'm not mistaken.

[lakeshore555]

vester_guy, the 1:25 R/S didn't burn you. If this company was a healthy successful company, that would not have mattered.

What burned you was believing Garza and believing the CEO's press releases and believing Silvani. If you had just read the SEC filings you would have seen the truth: losing Jade was a death knell. Without Jade, this company could only generate enough gross revenues to cover about 5% of operating costs.

That is an unsustainable business model. To put it mildly.

Even in the remote possibility that some entity was considering a merger with or takeover of Radient, a quick glance at the SEC filings would put an end to that plan quickly. It's cheap to license DR-70 and try to sell it, and then if you fail, oh well. But to buy the company and then fail to sell it would be disastrous to the acquiring entity.

Companies like Astellas and Fortis don't become successful by buying zombie biotechs. Provista saw that DR-70 was a failure and kicked it to the curb in 2011, and it looks like they kicked Gartner to the curb at the same time, although we will never know exactly what happened there.

But if you stop looking in the rear-view mirror and look at Radient today, you see a non-operational shell with a lot of debt and no assets. Doesn't take a genius to realize that there will be no merger or takeover.