Replies to post #18198 on Radient Pharmaceuticals Corporation fka RXPC

[lakeshore555]

I think Gartner just wanted to mimic Mac's business model of "forecast profits, burn cash, pay yourself a huge salary, and apologize when the money's gone." He needed a couple $$$ million to work that game and he never got it.

Selling DR-70 on the internet is an absurd plan. But in the business model above, you never need to sell a single test kit. You simply need to convince an investor that it would work. Unfortunately, the investor would eventually get around to reading Radient's 10-Q's and 10-K's, and no intelligent investor would give Gartner money after THAT.

I think former CEO Dreher, current CEO MacLellan, Reyno, Boswell, Beart, and Aiura all knew that DR-70 would never be profitable. That did not stop them from collecting BIG salaries and awarding themselves bonuses. It lasted two years longer than I thought possible. They can thank Garza for that. The lenders must not be feeling as grateful.