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M. E. Garza
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M.E. Garza is one of the founders of the biotech and healthcare sector news portal BioMedReports.com. He believes in getting the news from credible sources on the street and often reaches out to CEOs and newsmakers directly for interviews and discussions about their companies. Since he began... More
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  • Regarding latest 8k filing by Radient Pharmaceuticals- $RPC 30 comments
    May 11, 2011 8:27 PM | about stocks: RXPC

    The debt in question is one that AMEX officials would like to see converted to equity.

    Both the debt holders and RPC are and have been in discussions to make this happen, particularly given the positive developments which are on the horizon (official India payments, scientific study paper publication, two public spinoffs which RPC will have ownership in , etc). Everything is completely under control and there are several options on the table which are very friendly and beneficial to the company and their future.


    Of course, you can't expect that the tabloid would report this. How can they? Company management and their lawyers refuse to speak to them- especially with potential lawsuit(s) in the works. (Ask them if they've been put on notice if you think I'm making this up.)

    When it comes to the facts and demise of RPC, the bashers have not only been wrong, they've been completely wrong every step of the way. We are confident their histrionics and credibility dive will continue- especially as it relates to this matter.

    This bigger question for us is what they're going to say when this all plays out.

    Who do you think will look 'mentally challenged' then? 
    Stocks: RXPC
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Comments (30)
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  • rocknrollstew
    , contributor
    Comments (111) | Send Message
     
    mr garza....116,000 in sales...70 million in losses estimated for 2010..where are the recent sales numbers?..why isnt the co. responding to the recent tabloid article tonite?? a stock dropping 35 percent in after hours should bring a ceo out of the closet and give a statement wouldnt you think??.how can this company survive?? what happened to your predictions back in december that this company could be $ 3.50-$4.50 a share within 6 months?.its to late for publications of onko sure in medical journals and doctors praise of the product..this company needs cash now! and where can they find it with no sales?? please tell us! they dont have much time and neither do the investors..its a shame because people believed in this product, but apparently there wasnt enough funds for proper marketing..its the bottom of the ninth inning with 2 outs..
    11 May 2011, 09:59 PM Reply Like
  • Milhouse
    , contributor
    Comments (364) | Send Message
     
    RPC has a market cap of $14million, and these debt holders are demanding repayment of more than $8 million, as I understand it. Even if they agree to convert all this to equity, that should dilute shares enough to bring the price down even more than it has fallen in after-hours trading, shouldn't it? This company was barely hanging on to begin with, and this might just push it over the edge to insolvency.
    I bought in @.36, and will hold, but I am not as positive as Garza is on this new development. I believe in Onko-sure, but I am not certain the management can keep this company afloat. I am anxious to see what the share price does tomorrow.
    11 May 2011, 11:08 PM Reply Like
  • M. E. Garza
    , contributor
    Comments (123) | Send Message
     
    Author’s reply » There are some key things at play that no one at the tabloid or on message boards knows about yet. Things that were discussed at the Aegis conference and will inevitably come to pass.

     

    Once they do, the bashers will look like fools for not doing their own homework and letting themselves be manipulated by those with IQ's the size of their shoes.

     

    The proclaimed demise is RPC is, once again, incorrect.
    12 May 2011, 01:07 AM Reply Like
  • RPC_Hero
    , contributor
    Comments (3) | Send Message
     
    How many shares do you own M. E. Garza?
    12 May 2011, 07:43 PM Reply Like
  • RPC_Hero
    , contributor
    Comments (3) | Send Message
     
    M. E. Garza, How many shares do own of RPC?
    12 May 2011, 07:43 PM Reply Like
  • mike333333333
    , contributor
    Comments (3) | Send Message
     
    Please give us your expectations as to what will happen and will BK be on the table.
    12 May 2011, 06:54 AM Reply Like
  • johnpalley38
    , contributor
    Comments (3) | Send Message
     
    garza, thanks for the response to the 8k. question, do you think there will be more dilution in the near term?
    12 May 2011, 07:20 AM Reply Like
  • oldberkeley
    , contributor
    Comment (1) | Send Message
     
    M.E.- Perhaps your feud with AF and TheStreet is clouding your judgment.

     

    Look at the RPC facts calmly and clearly.

     

    Even people whom we intensely dislike are sometimes correct.
    12 May 2011, 07:42 AM Reply Like
  • dudley5538
    , contributor
    Comments (5) | Send Message
     
    It was everyone's impression that RPC had the $6M equity requirement for the AMEX requirement. This is what they said; with over $5M cash in their last proforma statement. I sounds like they only have $2M in cash now. How does this work with what they just recently stated? How will they get back the equity?
    12 May 2011, 07:42 AM Reply Like
  • dreamdivers
    , contributor
    Comments (119) | Send Message
     
    Yes yes Garza, always the same excuses with you. Big things are just around the corner. Big things are in the works that no one knows about, except you of course. Just wait, blah, blah, blah. How many times have you told that same tale now? Two public spinoffs which RPC will have ownership in? RPC as a whole is having trouble meeting the AMEX minimum listing requirements, how can there be anything of value to spin out?
    12 May 2011, 09:08 AM Reply Like
  • M. E. Garza
    , contributor
    Comments (123) | Send Message
     
    Author’s reply » Yes. TIt certainly appears that the mentally challenged purchased a bunch more $RPC on the pullback (up nicely already from the panic selling yesterday- thank you very much!).

     

    We're still chasing the story, but we've heard multiple accounts from 3 different sources that the clinical data the company has compiled (and pending scientific publication "very soon") will allow them to go after at least two additional (510K) FDA approvals.

     

    The way I see it, the company could have three or more FDA cleared products for cancer screening in both Colorectal and Lung cancers. All of that would happen in a very short time based on "significant" data according to scientists and clinicians- NOT tabloids. If these doctors and clinicians are telling us this, why wouldn't we believe them. Think about it. Is it any wonder debt holders are willing to convert?

     

    If you honestly think it would be prudent to sell or short at these prices given that AND the upcoming +equity from the spin-offs, then go ahead and do so.

     

    This stock has so much visibility and upside it really won't matter what you do as an individual.

     

    First things first. That 10K filing has to be done and completed. Once that is out of the way, I'd assume the news flow will kick up again.

     

    Still long and strong!
    12 May 2011, 12:50 PM Reply Like
  • Milhouse
    , contributor
    Comments (364) | Send Message
     
    Would these new FDA-cleared products be actually new tests, or would they just receive clearance for Onko-sure to be used to screen other types of cancers (other than just colorectal)?
    Also, I haven't seen any indication that these debt holders are actually willing to convert their debt to equity, although you say that they are.
    I am not selling here, because there is clearly more upside potential to this stock than downside, I am just not sure about adding to my position on your word alone.
    12 May 2011, 02:10 PM Reply Like
  • dreamdivers
    , contributor
    Comments (119) | Send Message
     
    Yes yes, always the same thing. "we hear", "from multiple sources", "insiders tell us", "according to clinicians and scientists", blah, blah, blah.

     

    So who are these various people and sources anyway? Why not identify them? This isn't the CIA, these people are not deep undercover spies, you are not the NY Times protecting its sources. If a company official tells yo something, why not identify him/her? If the information is material and non-public, they should not be telling you in the first place according to the SEC.
    12 May 2011, 02:24 PM Reply Like
  • Milhouse
    , contributor
    Comments (364) | Send Message
     
    Ah, screw it. I just added to my position @ $.318 because I just can't resist it and the upside potential is just too great for cancer screening tools that actually work. You'd better be right, Garza.
    12 May 2011, 02:38 PM Reply Like
  • johnpalley38
    , contributor
    Comments (3) | Send Message
     
    mr garza, we would like more info about there financial options if you could provide this please. the new fda approvals are good but everyones worried about where there gonna get more cash from
    12 May 2011, 05:59 PM Reply Like
  • blu_eyez15
    , contributor
    Comments (2) | Send Message
     
    Mr. Garza, are you still long RPC? It doesn't state it at the end of your article as it usually does and as a long, this has me wondering. Thank you.
    12 May 2011, 07:45 PM Reply Like
  • blu_eyez15
    , contributor
    Comments (2) | Send Message
     
    Mr. Garza, do you continue to be long RPC? There are some on a message board who dispute this. As a long, I'm curious. Thanks.
    12 May 2011, 07:45 PM Reply Like
  • bd57se66
    , contributor
    Comment (1) | Send Message
     
    Thank you for keeping us posted....looking forward to more news soon!!
    12 May 2011, 08:03 PM Reply Like
  • euroxepouh
    , contributor
    Comments (7) | Send Message
     
    Dear Garza will you be so kind to answer who are they those 3 different sources?
    When is very soon? I think we have different perception of the time...
    Who are the doctors and clinicians that are telling this?

     

    please answer atleast this 3 questions.
    12 May 2011, 08:11 PM Reply Like
  • euroxepouh
    , contributor
    Comments (7) | Send Message
     
    Garza, Regarding your last comment on SA, would you be so kind to answer some questions?
    When is very soon?
    Who are those doctors and clinicians?
    What are those three extraordinary FDA cleared products for cancer screening in both Colorectal and Lung cancers?
    As an investor I would like to know too about 3 different sources , who are they?
    12 May 2011, 08:17 PM Reply Like
  • troystro@gmail.com
    , contributor
    Comment (1) | Send Message
     
    Can you give us some insight on the India Payment? That would be the key to solving some of our financial issues.

     

    They have talked about payment for months now? Where is it? Have they recieved to order? Is it being tested? What is the delay?
    12 May 2011, 08:17 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4161) | Send Message
     
    Thank you for the good work you do Mr. Garza. Your insights are greatly appreciated by many of us.
    13 May 2011, 12:20 AM Reply Like
  • RPC_Hero
    , contributor
    Comments (3) | Send Message
     
    long 30K shares in RPC
    13 May 2011, 05:16 AM Reply Like
  • rocknrollstew
    , contributor
    Comments (111) | Send Message
     
    ladies and gentlemen, this co. has about 4 months of cash to operate daily functions, ..yes the product is good, but time is not on their side...these 5 private investors who claim radient is in default are clearly using their losses as a tax write off, and will most likely stick to this scenario...remember the rich get into certain investments for this sole purpose..if rpc had maybe enough cash for a year or so, they might have a shot to keep on trucking..70 million in losses for 2010, thats a big hole to dig out of....i was long but now cutted my losses and moved on, after selling 150,000 shares..hopefully for the other investors the stock comes back...peace!
    13 May 2011, 11:38 AM Reply Like
  • Milhouse
    , contributor
    Comments (364) | Send Message
     
    April 11, 2011 Ironridge Global IV, Ltd. filed a statement that they currently own 4,005,382 shares of RPC.
    xml.10kwizard.com/fili...

     

    Feb. 11, 2011 Capital Ventures International filed a statement that they own 2,216,588 shares.
    msnmoney.brand.edgar-o...

     

    I feel better knowing these large institutional investors have their money in the company, I just wish company insiders held more shares.
    14 May 2011, 12:38 AM Reply Like
  • stonestone
    , contributor
    Comment (1) | Send Message
     
    things might start settling down after a while. The most critical at this moment is certainly the 10Q filing, without which everything will be still under the water. however, given the fact that the current price has been very low, it is hardly to see how low this stock can go in the short term. right now, all played by the MM
    18 May 2011, 09:53 PM Reply Like
  • onko unsure
    , contributor
    Comment (1) | Send Message
     
    The company is in default, cannot pay its debts, its CEO talks to dead prime ministers, they have missed the deadlines for filings their 10K and 10Q.

     

    I'm getting feeling that the RPC story is going to end badly.
    19 May 2011, 01:01 AM Reply Like
  • Shirley woodard
    , contributor
    Comments (2) | Send Message
     
    Mr. Garza.......thank you for your positive words on RPC.........I bought into this stock because it made perfect sense and it is time for a better product in ca. detection.Being an oncology nurse is difficult and I'm putting much hope in scientific research......it's painful to watch people suffer and wouldn't it be great to have a more accurate test to offer these pt'.s or those in the high risk groups ?....thanks again and keep us posted.......Shirley Woodard,RN
    21 May 2011, 12:29 AM Reply Like
  • Shirley woodard
    , contributor
    Comments (2) | Send Message
     
    Long RPC investor.........oncology nurse 16 yrs...that should say it all.
    21 May 2011, 12:29 AM Reply Like
  • thresherfailed
    , contributor
    Comments (20) | Send Message
     
    Garza, please tell us how the delisting today is a positive event.

     

    TIA
    23 Jun 2011, 09:57 AM Reply Like
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