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
- 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.
- 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.
- 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.
- Therefore, it is Whalehaven's position that it is not the beneficial owner of any additional shares.
- 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.