IMO, the bottom line on revocation is that it is unknown why Mac submitted the settlement, whether the SEC gave him some sort of notice, or the date the SEC will actually act on the revocation.
One thing is sure though, revocation will happen unless the SEC filing are brought up to date and a revised settlement is submitted.
It is also highly possible that Charter wanted the settlement submitted prior to his appointment as management. I was not able to find any notice from the SEC prompting a settlement and all notices are listed on the SEC website. This certainly appears to be voluntary and most likely at the request of Charter.
IMO, he did not want to inherit an obligation to submit delinquent filings.
One thing that tells you for certain is that the stock is NOT going to be coming back as is. The only way to bring back Radient and not have to submit past filings is through the bankruptcy process and the formation of a new company.
I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.
