It sounds like a combination of friendly takeover and shotgun wedding. And the exlax crew is called in to get the retail shareholders to give up their remaining shares for cheap, and more importantly, to keep them from buying shares during the debt for equity exchange.
Who is the exlax crew with? obviously someone who plays hardball to get their way. And most importantly, why are they still here?
Wrong, the spikes had nothing to do with the LOI or someone named John Fife acquiring shares.
The spikes were caused by a certain "analyst" writing positive articles about Radient in April and December 2010. These articles caused a short squeeze each time.
Unfortunately, everything in those articles proved to be 100% false. Reality set in and caused the PPS to sink to 0.0001 and then disappear completely when share registration was revoked.
Also, Whale and Alpha did not "step aside." Read the filings.
And if Mac "threw Jade overboard" then Mac single-handedly killed this company.
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