Radient Pharmaceuticals Corporation fka RXPC

[guardiangel]

DCman..I did my research on RXPC...If you own over 5 or 10 percent of shares YOU DO NOT HAVE TO FILE SC 13G since Radient is a pink sheet listing company..Check it out...The Lenders have already filed their SC 13G's as soon as they agreed to convert shares. When they convert their shares.They have to stay under their maximum allowance..They then sell their shares in the open market..They repeat this procedure over and over again..Who is buying these shares for the past two years.. Besides our group and a few longs..You guessed right..The Creeping takeover group...

Subject: Pink Sheets ownership disclosure
Category: Business and Money > Finance
Asked by: davidstern-ga
List Price: $100.00 Posted: 12 Dec 2004 22:34 PST
Expires: 11 Jan 2005 22:34 PST
Question ID: 441848

There is a publicly traded company traded on the Pink Sheets that I
believe is very undervalued. I want to buy between 10% and 40% of the
company's total outstanding shares. Total shares outstanding are
about 6,000,000 and the publicly traded "float" is about 3,000,000.
In other words, I would like to buy between 600,000 and 2,400,000
shares of this stock on the open market.

If my ownership position is 10% or more of the company, do I have to
file any paperwork with the SEC? If yes, how do I file with the SEC?

Clarification of Question by davidstern-ga on 12 Dec 2004 22:35 PST

Again, this stock is traded on the Pink Sheets.

Request for Question Clarification by pafalafa-ga on 25 Dec 2004 14:42 PST

Depends in part on whether the SEC considers the company in question
to be a "small business", which is either (a) annual revenues or, (b)
a public float of less than $25 million.

Does your company fit the criteria as a "small business"...?

Clarification of Question by davidstern-ga on 27 Dec 2004 15:29 PST

The stock in question has a publicly traded float of about $300,000.00
and has annual revenues of less than 2 million dollars.

Request for Question Clarification by pafalafa-ga on 27 Dec 2004 18:04 PST

David,

Thanks for the additional info...we're getting closer to an answer.

I presume that you do not want to post the company name here in a
public forum. However, without knowing which company you're asking
about, I can't yet give you a definitive answer.

Therefore, I'd like to ask you for one more piece of information.
Please go to the SEC's company lookup site:


http://www.sec.gov/edgar/searchedgar/companysearch.html


and search for the company that you're interested in.


Just enter the company name in the (ahem!) "Company Name" field, and
press "Find Companies".


If the results of your search are "No Matching Companies", please let me know that.

On the other hand, if the results return your company's name, then
click on the "CIK" number next to the company's name to be taken to a
list of reports that it has filed.

Each report will have a number next to it: 10Q, 8K, 20F, etc. Let me
know the numbers of the last five or so reports that the company
filed. Also look at the dates of the report -- if they are not fairly
recent, let me know that as well.

With this information (which will not reveal the identity of the
company itself), I can probably give you a pretty definitive answer to
your question.

Thanks,

pafalafa-ga

Clarification of Question by davidstern-ga on 27 Dec 2004 22:06 PST

Okay.....I plugged in the full name of the company and nothing came
up.....I don't mind sharing it in the public forum at this point so
that you can give me a precise answer. American Mobile Dental, Inc.
Thanks again. Please let me know.

Clarification of Question by davidstern-ga on 28 Dec 2004 18:58 PST

Okay, the name of the company is American Mobile Dental Inc.

Request for Question Clarification by pafalafa-ga on 28 Dec 2004 19:05 PST

Thanks David,

The bottom line on all this is that -- as far as I can tell -- you
would not be required to report your ownership in American Mobile
Dental, or otherwise have to report to the SEC.

However, I want to do a bit more checking when markets are open
tomorrow, before posting a formal answer.

But as long as I have your attention for a moment, let me remind you
of the Google Answer disclaimer at the bottom of the page. I am not a
financial professional, nor is the information I provide any
substitute for professional financial/investment advice.

That said, I hope to be able to post an answer tomorrow, and with a
bit more fact-checking, I expect to be fully confident in the
information I can provide.

Stay tuned...



http://answers.google.com/answers/threadview?id=441848