Radient Pharmaceuticals Corporation fka RXPC

[Gold Seeker]

Wolf said: "..The others stated that their ownership could not go over 1.00 4.99 and 9,99 percent ownership..That means they can CONVERT up to that limit of percentage..Once they do that they can sell shares to the public..Which they have been doing..When Radient increased their outstanding. "

The above proves your lack of understanding the reason for the less than 10% ownership statement.

At the 5% level, you have to file a form 13. When you are at 10% or above, you become a beneficial owner and you have additional sales restrictions on the stock.

The lenders did not want any sales restrictions on the stock from warrants and notes they would convert. The lenders would sell short the shares and then give Radient a notice to convert warrants. The lenders never held any significant number of shares at any time.

Read the leander agreement. The method of sales is clearly spelled out. When the warrants were converted, Radient was to send the share certificated DIRECTLY TO THE SELLING BROKER.

READ IT.