Radient Pharmaceuticals Corporation fka RXPC

[Gold Seeker]

Jitash, the only way Radient could avoid revocation at this point is to submit filings and bring everything up to date. The annual reports have to be audited and that costs money. Who is going to pay for that? In 2012, the lenders gave Radient $350k to file a late 10k and 10Q. A 10K was filed but they didn't even bother with the 10Q. The lenders continued to sell shares but if you look at the price and number of shares they sold, the lenders just lost even more money.

Whatever date was on the original notice sent to Radient to bring the late filing current, that will probably be the date the SEC acts upon the settlement for revocation.

I also think that Radient could withdraw the settlement offer and give the SEC some sort of timetable to submit the late filings. The SEC could accept the timetable if they thought it was reasonable or they could just continue and revoke the registration. I sincerely doubt the Aussies are going to do anything to get the company current.

The Aussies own no stock or filings declaring beneficial ownership would have been filed. That is a required item so they own no stock and are no part of any so called "takeover group".