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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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  • Email question about RPC 7 comments
    Jun 3, 2011 1:51 PM | about stocks: RXPC

    A question representing many of the ones we've gotten via email today:

    -----Original Message-----
    From: "Greg" <****@*********>
    Sent: Friday, June 3, 2011 12:41pm
    Subject: Rpc

    Are you still upbeat about RPC? nothing seems to be going on for them lately..

    Two days ago, as part of our research for an upcoming report we had a long chat over coffee with one of the major note (debt) holders that RPC was supposedly going to have to file banruptcy because of. The gentleman was very pragmatic in telling us that the investment group he is part of all feels good about several very positive things that are continuing to develop at RPC and that his group is very close to working out a deal with the company which, in his words, "will reflect very favorably for the company and their shareholders." When I asked him to handicap that scenario and when it might happen he said "I'm 95% sure it will happen very shortly. Certainly long before the final meeting with the Amex takes place."

    These people have single-handedly bet millions on RPC, and their technology and are very likely aware of certain developments- i.e partnerships, financial projections, that have not yet been made public so to hear those comments was interesting, but certainly not any different from what we have been hearing from other sources about this "incredibly bleak" situation.

    We also thought one of his comments were interesting given today's tabloid article. He said: "If the SEC or Amex had even the slightest hint that anything was suspicious or iffy about the company they would have shut them down already. This is a major U.S. exchange and we know they put the company through the paces during their hearing. We also know that RPC showed up very well prepared and had some big guns on their side; including that SEC investigator who was able to present some overwhelmingly strong evidence in favor of Radient."

    Developing, but the tabloids have obvisouly made some progress which is impressive given that no one will even speak to them given their reputation. We've now gone from "the India order is completely bogus and the the distributor is made up" to "the Indian distributor has financial difficulties." Nice!

    The company is scheduled to make a presentation at ASCO.

    Stocks: RXPC
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Comments (6)
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  • Milhouse
    , contributor
    Comments (659) | Send Message
    Thank you for your posting. Sometimes it is difficult to stay confident in my investment due to all the negative opinions out there, and the lack of comment from the company itself. I appreciate the fact that you can do and are doing the legwork that I/we are unable to do regarding the future of RPC. Keep up the good work, and I look forward to reading your comments in the future.


    p.s. I am aware that the company is exhibiting at ASCO, but are they actually presenting something? I didn't see them listed as having an abstract to present.
    3 Jun 2011, 02:18 PM Reply Like
  • dreamdivers
    , contributor
    Comments (119) | Send Message
    Blah, blah, blah...always some unidentified "insider" who makes vague comments and is "95% sure" something will happen soon. Always off the record, except of course you're allowed to post it (wink, win). Why don't you disclose your holdings of RPC at the moment, as well as any trades made over the past few months?


    You really should be ashamed.
    3 Jun 2011, 05:30 PM Reply Like
  • dreamdivers
    , contributor
    Comments (119) | Send Message
    As a perfect example, you just stated "The company is scheduled to make a presentation at ASCO. "


    Oh really? The company itself in a press release states only that they will have "booth 3101 in the exhibition hall". Is that really what you would consider a "presentation"? Have you ever actually been to a scientific conference? Do you actually know the difference between, sessions, oral presentations, posters, abstracts, and exhibit booths?


    You seem to have no shame whatsoever.
    3 Jun 2011, 05:44 PM Reply Like
  • mrbilbo111
    , contributor
    Comment (1) | Send Message
    Are they just setting up at ASCO or are they presenting something besides what we already know.
    3 Jun 2011, 09:42 PM Reply Like
  • Milhouse
    , contributor
    Comments (659) | Send Message
    I went back and reread the article, and they actually say that they are "presenting" Onko-sure at the conference. I guess this is what Garza meant, not that they are presenting an abstract.


    From the fifth paragraph:


    Mr. Douglas MacLellan, RPC's CEO, added, "As a cancer test that is in use and cleared to market in numerous territories across the world, we benefit from presenting Onko-Sure® to the international cancer care and research community attending ASCO.


    3 Jun 2011, 10:25 PM Reply Like
  • dreamdivers
    , contributor
    Comments (119) | Send Message
    I suggest people simply reread the above and judge for themselves the accuracy and reliability of Mr. Garza and his truly laughable pump pieces. Note the use of the following:


    -anonymous "insider" sources
    -quotes like "will reflect very favorably for the company and their shareholders.", and ""I'm 95% sure it will happen very shortly."
    -"and are very likely aware of certain developments- i.e partnerships, financial projections, that have not yet been made public"
    -The company is scheduled to make a presentation at ASCO.


    Funny that after all this, RPC was formally de-listed by AMEX this morning.
    23 Jun 2011, 11:11 AM Reply Like
  • poor50boy
    , contributor
    Comments (4) | Send Message
    Its been quite a while since you last publicly commented on RXPC. Are you currently following the company, and what is your opinion of its situation?
    1 May 2013, 01:32 PM Reply Like
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