Filing Details

Accession Number:
0001213900-11-003836
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-07-25 16:57:24
Reporting Period:
2011-07-08
Filing Date:
2011-07-25
Accepted Time:
2011-07-25 16:57:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
838879 Radient Pharmaceuticals Corp RXPC Pharmaceutical Preparations (2834) 330413161
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1326903 Ltd Fund Capital Whalehaven 560 Sylvan Avenue
Englewood Cliffs NJ 07632
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2011-07-08 59,000 $0.12 8,838,000 No 4 S Direct
Common Stock Disposition 2011-07-11 225,000 $0.11 8,613,000 No 4 S Direct
Common Stock Disposition 2011-07-12 905,000 $0.08 7,708,000 No 4 S Direct
Common Stock Disposition 2011-07-13 233,000 $0.08 7,475,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 7,475,000 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Convertible Notes $0.18 2011-05-24 2011-09-24 0 0 Direct
Common Warrants $0.18 2009-11-30 2016-12-10 188,777 188,777 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2011-09-24 0 0 Direct
2016-12-10 188,777 188,777 Direct
Footnotes
  1. Pursuant to a Settlement Agreement entered into between the Issuer and Whalehaven Capital Fund Limited ("Whalehaven") on May 17, 2011 as amended by an Amendment to Settlement Agreement dated May 23, 2011, the Issuer agreed to issue shares pursuant to Section 3(a)(10) of the Securities Act of 1933 to Whalehaven. Pursuant to publicly available information, the Issuer has 200,000,000 authorized shares of which 174,368,863 shares have already been issued and are outstanding.
  2. Therefore, the Issuer has not more than 25,631,137 additional shares available for issuance from its authorized shares. Whalehaven believes all such shares have been contractually reserved by the Issuer for issuance to persons other than Whalehaven and have not been reserved for Whalehaven. The Issuer has filed a Preliminary Proxy Statement in order to obtain shareholder approval to increase its authorized shares for the issuance of additional shares to Whalehaven.
  3. Furthermore, on July 19, 2011, Whalehaven sent a letter to the Issuer irrevocably relinquishing its right to convert the Promissory Note issued pursuant to the Settlement Agreement into common stock of the Issuer.
  4. Therefore, it is Whalehaven's position that it is not the beneficial owner of any additional shares.
  5. The terms of the Warrants do not permit the Warrants to be exercised if following such exercise, the holder would beneficially own more than 4.99% of the Issuer's outstanding common stock.