Replies to post #27176 on Radient Pharmaceuticals Corporation fka RXPC

[GetSeriousOK]

guardiangel, you will have to prove damages in a Class Action.

IMO, Mac resigning did not damage shareholders and Mac appointing the Aussies did not damage shareholders. At that time, the damage was done -- Radient was insolvent and they couldn't meet SEC requirements so share registration was going to be revoked regardless. That means shareholders won't have a lawsuit or class action based on the change in Officers and Directors, whether it was legal or not.

In my opinion, Mac only slipped once -- in the Mayo Campaign -- and he was punished for it. Otherwise, I think Mac is protected by Safe Harbor. He cleverly used Garza as a mouthpiece, IMO.

All Developmental Biotechs are "scams" in a way. The CEO's are always seeking publicity. The only thing that counts are the SEC Filings and the SEC Filings spelled it out very clearly: Radient Pharmaceuticals Corporation had only one profitable business line, Jade, and the Jade Mutiny in 2009 spelled the end of Radient. Any investment in Radient after the Jade Mutiny was an investment in a pyramid scheme, which is true of most developmental biotechs, I think.

But a billion shares owned by a pack of wolves is a huge loss and it's free to talk to Rosen, so why not talk to him?

The biggest problem, I think, will be that Garza was the one who made the most ridiculous claims, and Garza probably can't be sued. That's a question for Rosen. Is there any way to hold Garza responsible for the nonsense he stated as fact?

Good luck, guardiangel. I really hope you succeed.