You still do not understand the conversion process. According to the agreement with the lenders, the brokers would sell shares and notice would be given to Radient to forward the same number of certificates directly to the selling broker. The actual cost of the shares to be deducted from the notes would not be calculated until a month later from the average selling price AFTER the date of sale and even then, depending on the particular lender, they got up to 30% discount on that price.
If you understand the agreement above, you would clearly understand why NO lender ever held actual shares because they would just go down in value as the sales price dropped.
Of course, I don't expect you agree to understand the above because if you did, your fantasy of lender ownership would go away.
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.
