Red Diamond is a diversified, privately held, private equity company. It has been around a while. Yes, it can have a habit of trying to help "distressed" companies while saddling said companies with exorbitant debt and equity service. Unfortunately, when a company is as cash strapped as GTHPD is cash strapped, then few alternatives exist. I would give this venture, based on history, about a 20% chance for success and only if GTHPD is on the verge of cracking into some major foreign markets plus getting back with the FDA.