Unsubstantiated opinion.
Nothing is "evident." For example: Rosen may have settled because he knew there was no money, so he decided not to spend any more time or resources going to court.
When Rosen started the class action, Radient appeared to have money. Of course that was an illusion, but as the truth came to light gradually over 30 months, what were Rosen's options? Just shrug and walk away?
Insurance may have paid for the lawyers but not for the award.
Class Members will learn if there was any money retrieved. They will get a letter explaining how much they got. I hope one of the Class Members posts that information when that letter arrives.
If there is an award distributed, of course it is cash. What else would it be? SHARES OF A DEAD COMPANY? The last thing the plaintiffs and/or Rosen want is RXPC shares. The last thing ANYONE wants is RXPC shares.
As for "deep pocketed investors" -- there are none. There is no apple cart. There are no apples. And RXPC is not going to issue "news" about the case. They might file an 8-K and they might not. But they are not going to issue "news." They haven't issued "news" since 2011.
What would Radient gain from issuing "news?" They will never get another loan, they burned up their A/S so they can't issue shares -- they don't have a building, or a manufacturing facility, or a parking space in a parking lot. MacLellan has no motive to do ANYTHING with Radient now. Even Boswell left.
If nobody is going to force MacLellan to file for bankruptcy, this is it: crickets and tumbleweeds. Maybe, just MAYBE, Gartner might come up with funding for GCDx -- so unlikely it's barely worth discussing, but it's possible I guess -- but that won't help Radient. Neither will the UNI Agreement. $100,000 per year from UNI pays for little.
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