Replies to post #15924 on Radient Pharmaceuticals Corporation fka RXPC

[Gold Seeker]

Jimtash, the lenders are NOT "holding on to shares". That's not they way their note conversion works.

If you would just read the SEC filings, you would understand that the lenders have their broker sell shares with a guarantee that Radient's transfer agent will deliver the shares to cover the sale within 45 days.

That's the way it works. Radient will no longer pay the transfer fees so the lenders now each have to pay transfer fees to get the shares delivered to their broker.