When Radient had the final shareholder meeting, a vote was approved to reverese split the stock 3 times in different multiples. They did one RS but the timeframe expired and neither of the other two were completed. Some posters apparently are not aware of the expiration of the final two reverse split authorizations.
As far as the revocation of the registration of the stock, the last 8k stated that a request to revoke had been submitted to the SEC on April 15th. The SEC usually acts upon that type of request in 90 days. The SEC has a listing of all notices sent to companies telling them they will be revoked if they do not submitted past due filings but no such letter exists to Radient. This was a voluntary submission to revoke and probably at the request of the new BOD.
Something to consider about the new management. There is no valid reason to revoke if they intend to reorganize the company and the is no reason to cut off all methods of communication if they intend to reorganize the company.
IMO, the Aussies are not being honest as to their intentions.
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.