Replies to post #5623 on Radient Pharmaceuticals Corporation fka RXPC

[Dante64]

Part of - The Street destroyed there company by spreading rumours and lies via blog - I think The Street will pay a lot of money when this is over -

RXPC

[Gold Seeker]

southgas asked: "Is this previous lawsuit why the stock price tumbled to begin with?"

No, the reason the stock declined so much was the inability of Radient to pay its debts and the failure of Onko Sure sales to meet the huge estimates made by management.

This lawsuit was filed in 2002 and the only action from the lawsuit was where Radient was required to reassign the CIT patent back to Acuvector. Why this lawsuit would go on beyond 9 years seems unreasonable with no additional action ever being taken. AcuVector is now defunct and just a shell. Maybe when Radient recently pressed the issue, Acuvector did not respond. IMO, that would be the most likely reason for the dismissal.