Radient Pharmaceuticals Corporation fka RXPC

[bloodhound99]

Anyone here actually read the 8K ?

If you did you will notice that the "Lenders" who extended the loans one year to November 28, 2012

They also have the right to convert their billions of shares at a maximum price of $ .00223 a share (or less than half of present market price).

Guess who will make out like bandits on this deal. Give you a hint, it won't be the retail investors.

Since they were still over committed on conversions and warrants (did you see the 7 billion in warrants also) with only 5 billion in authorized shares they took care of that with a 25 for 1 reverse split to be completeed in January.

The only thing I didn't see was all the other lenders demanding that they get the same deal of the $ .00223 conversion priviledge.
Maybe that will be the headlines next week.

But like Fats Domino you boys are Ready, Willing, and Able to jump in on the "hype" of a press release without finding out what it means. As for the SEC filings I guess its like the song says don't send me no letters(filings) cause I can't read.


RXPC gullibles = Perfect fodder for the insiders.