Lake Said About The Provista/Radient Merger
Lake Said
lakeshore555 Tuesday, 04/22/14 10:49:38 AM
Re: vester_guy post# 21029
Post # of 21033
Schedule 13's must be kept current. If you file one and hold the shares through your next reporting period, you must file another. You don't file a 13 because you just ACQUIRED 5%, you file a 13 because you HAVE 5%. Just look at Ironridge's 13's.
Wolf Says
I am so glad you brought up Ironridge as an example....They were one of the lenders of Radient you understand...I found it strange that ALL the Hedge fund companies reported their SC13G's. The only hedgie that showed zero percent of share ownership was Ironridge..It appears that William made a deal with them TOO..ironridge happens to be involved with MemoryDX and Amarantus..The others stated that their ownership could not go over 1.00 4.99 and 9,99 percent ownership..That means they can CONVERT up to that limit of percentage..Once they do that they can sell shares to the public..Which they have been doing..When Radient increased their outstanding. The lenders would convert those shares until they reached the percentage limitation again..The question is who owns the other shares..Little retail and a creeping takeover groups and Lenders..THE LENDERS FILINGS ARE UP TO DATE..They are not required to file after they have already showed their intentions you understand..imo Wolf
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