Replies to post #29862 on Radient Pharmaceuticals Corporation fka RXPC

[GetSeriousOK]

CIT and Jade have no value.

Radient admitted on their final annual report that CIT was worthless. Today, nobody is working on CIT and nobody has any PLANS to work on CIT. If you don't believe me, contact Dr. Chang at Florida University and ask him.

Jade said "Goodbye" to Radient in 2009, but Radient continued to claim that their "Jade Holding" was worth $20 million. The SEC didn't believe Radient's claim that Jade was a $20 million asset, so they forced Radient to either prove that valuation. We all know what happened then: Radient admitted to the SEC that the "Jade Holding" was worthless, changing Shareholder Equity into a Shareholder Deficit and causing the stock to be delisted to the pinksheets where it lost 99.99% of its value.

The Merger Rumor Proponents are now claiming that Radient lied to the SEC about the value of CIT and Jade. Apparently the Merger Rumor Proponents believe this was done to falsely make the shell appear to have zero assets, making it some kind of merger candidate despite the $20 million unresolved debt.

To summarize: the "longs" believe that a company that lied to the SEC, stopped reporting financials, defaulted on ALL its loans, declared itself insolvent, revoked share registration, cut all communication ties with shareholders, and disappeared without resolving its defaulted loans is a "Strong Buy."

And they rejoice in the fact that they still own shares in this company.

ahoo.

[guardiangel]

RADIENT RESTRUCTURED BY A PLANNED REVERSE MERGER


Will Radient and Will spin off AMDL Diagnostics Inc. and reverse merge GCDX to Uni-Pharma for Uni-'s merger into eWellness Blank Check? Stay tuned for ALL the upcoming developments you understand....Wolf



eWELLNESS HEALTHCARE Corp CIK#: 0001550020 (see all company filings) SIC: 6770 - BLANK CHECKS

State location: AZ | State of Inc.: NV | Fiscal Year End: 1231

formerly: Dignyte, Inc. (filings through 2014-04-14)

Is this the Blank Check" that Uni-Pharma along with AMDL Diagnostics Inc. and or GCDX will merge into...

http://www.sec.gov/cgi-bin/browse-edgar?company=ewellness&owner=exclude&action=getcompany



A blank-check company is a development-stage company that either does not have an established business plan or its business plan is based around a merger or acquisition with another company or companies.

Blank-check companies generally are speculative and often fall under what the Securities and Exchange Commission (SEC) defines as "penny stocks", or speculative securities that trade for fewer than $5 per share.

A popular type of blank-check company is a special purpose acquisition corporation (SPAC). The founder of a SPAC pools money from investors and he or she may contribute to the SPAC to form a blank-check company with the sole purpose of acquiring another company or companies.

Investors do not have knowledge of how their money will be spent, so they issue blank checks to the SPAC. In turn, the SPAC must receive shareholder approval for all acquisitions and 80% of investor funds must be used in any single deal. If the SPAC fails to find a shareholder-approved deal within two years of creation, it is liquidated and the SPAC's founder loses the investment. Blank-check companies present investors with an alternative similar to private equity.

RADIENT RESTRUCTURED BY A PLANNED REVERSE MERGER

Checkout my next post on how Provista Diagnostics Inc. will reverse merge with Radient Pharmaceuticals Corp according to the Letter of intent...LOI of 2010..After the merger we will be dropping the Radient name ..It will be replaced with Provista you understand...

Keep on hitting these previous I-Hub Links..There is a surprise at the end you understand..It is the "Wolf Code"..Here is the latest..

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117155095