Replies to post #27263 on Radient Pharmaceuticals Corporation fka RXPC

[Gold Seeker]

Why would anyone want to use Radient as a shell with all the debt and unhappy shareholders. It isn't even a publically traded company any more nor incorporated.

It would be insanity to say Radient was a candidate for a reverse merger.

Look at these clean shells available.

http://www.mergernetwork.com/public-shell-companies-for-sale/page-1

[GetSeriousOK]

A shell with all the shares issued isn't worth much though.

So you're suggesting they R/S 1,000:1 and keep the 5 billion share A/S, correct? that means existing RXPC shares will be worth 0.0000001

Why bother holding those shares for THAT, I ask?

Bankruptcy would be expensive but if anyone wanted to resurrect Radient it would be done through bankruptcy with the current RXPC shares getting negated. Then a restructuring might occur and Radient could issue some of the 5 billion shares to the new financiers.

I'm quite sure the Lenders do not own any RXPC. They're not stupid. When Radient was forced in 2011 to admit that the Jade $20M equity was actually worth $0, the Lenders knew they'd been cheated, IMO. They knew there was no reason to hold RXPC shares.

To buy off the Lenders now, Radient would have to wipe out the current RXPC shares and re-issue some of that 5 billion A/S to the Lenders and sell some of that A/S for new financing. I think they might have pulled that off through NuVax when Chang was on board but I think it's too late now.

Even if that plan came to fruition -- if ANY plan comes to fruition -- the current RXPC shares have to go. Nobody important owns those -- only eBabies and disgruntled old bagholders, and they have no power remaining whatsoever. RXPC ex-shareholders got kicked to the curb, no matter what happens now, if anything. I think NOTHING MORE HAPPENS, ever, but I'll watch for awhile.