The takeover group already took over, says Wolfman.
Wolfman, for those who do not know, is the person responsible for creating the Takeover rumor in 2011. As the situation has degraded, the rumor has gone through many revisions and adjustments. I believe the current version of the takeover rumor goes like this - and if you' taking a drink of something as you're reading is, better put it down, or it will end up on your shirt.
There a multiple takeover groups taking over Radient. Wolfman claims to be controlling one group, with a billion shares. . how these groups will collaborate after they take over is a little fuzzy.
And it has already occurred. The reason there was no 8-K? Because "they don't have to since it's a pink sheet company."
It's not a takeover so much as a back door merger. The fact that it's taken over 2 years makes it a "creeping back door merger." Apparently, Provista wants to be listed on the pink sheets. The Radient lenders have traded all their Radient debt for Provista shares, so the debt is gone says Wolfman. Then Fortis, who owns SRL in India, is buying Provista from the lenders, and buying all the Radient shares from Wolfman and the other groups, which apparently includes William Gartner, who sold a house and used the money to buy Radient shares.
When the dust settles, Provista will have radient's prestigious pink sheet listing, William Gartner will be the new CEO of something, and Wolfman will be rich.
Did I forget to mention - the UNI deal is fake, a diversion. Never happened. And the Fundable contest? Just a publicity stunt, Gartner doesn't need money, he's already CEO of this multi-million-dollar new Provista/Fortis thing.
I'm sure I got something wrong in my summary but that is the gist of it. I invite the proponents of the takeover story to correct me where I am wrong.
