Radient Pharmaceuticals Corporation fka RXPC

[GetSeriousOK]

"Looks like there will be no takeover after all.. Just retail shareholders that own 4.5 billion shares of Radient as living and you stress....."

(direct quote from post 25211)

Agreed. But then who appointed the Australians as Directors and Officers of Radient? And if retail shareholders hold 4.5 billion shares -- which means the Australians and Lenders do not own shares -- what motivation do the Australians and/or Lenders have for returning value to the RXPC shares that were revoked?

If the Australians restructure this company, it makes a lot more sense for them to file for bankruptcy, cancel all existing RXPC shares, and issue new shares to the Lenders and/or the White Knight that finances the restructuring.