The corporation was NOT revoked. The corporation was voided because nobody cared enough to pay the fees to keep the corporation in good standing.
And the share registration revocation was NOT voluntary. The SEC gave Radient two choices: file the missing financials or we will revoke your share registration. Radient chose the latter. They didn't VOLUNTARILY do this -- of course they would have liked to keep their shares registered -- but the SEC did not allow it.
Radient's 8k states:
"On April 15, 2014, the Company executed an Offer of Settlement with the Securities and Exchange Commission ("Commission") pursuant to Section 12(j) of the Securities Exchange Act of 1934, revoking the registration of the Company's securities."
I do not understand why some here can't grasp that this was not VOLUNTARY - it was a CHOICE between two evils. Perhaps this will clear up the misconception: Here is 12(j) in its entirety:
12(j) "The Commission is authorized, by order, as it deems necessary or appropriate for the protection of investors to deny, to suspend the effective date of, to suspend for a period not exceeding twelve months, or to revoke the registration of a security, if the Commission finds, on the record after notice and opportunity for hearing, that the issuer of such security has failed to comply with any provision of this title or the rules and regulations thereunder. No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence. "
"Pursuant to" means just that. Radient didn't voluntarily revoke share registration, they CHOSE to do this instead of file the missing financials.
