Replies to post #23880 on Radient Pharmaceuticals Corporation fka RXPC

[livinginsv]

no brokers can trade . . . there must be an instrument to allow the company to clear short sales, or maybe private person to person certs are exempt? . . . i'm pretty sure their is a "friends and family" type vehicle in BK, insider status only . . . bottom line is if your shares are held in a broker account, they cannot be traded . . .

http://www.sec.gov/answers/dfnctco.htm

Broker-dealers may not execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).

[lucky, mydog]

it means that private transactions can occur. technically, folks still hold shares in a private company. they are not likely worth anything but they can still be privately traded. if anyone wants to study a similair situation. sior voluntarily submitted to revocation 02/27/13.

http://www.sec.gov/litigation/admin/2013/34-68858.pdf

http://investorshub.advfn.com/Superior-Oil-&Gas-Company-(fka-SIOR)-3591/