InvestorsHub Logo
Followers 0
Posts 67
Boards Moderated 0
Alias Born 01/10/2011

Re: None

Saturday, 02/07/2015 6:10:37 PM

Saturday, February 07, 2015 6:10:37 PM

Post# of 19499
Reverse Split Rejected by SEC and FINRA.

Unless I have misunderstood this partial article, Positron has been denied its request for a reverse split.

Positron Loses SEC Appeal Over FINRA Daily List Ruling
By Benjamin Horney

Law360, New York (February 06, 2015, 5:26 PM ET) -- The U.S. Securities and Exchange Commission on Friday upheld a Financial Industry Regulatory Authority decision to not process and publicly announce a reverse stock split and other corporate moves made by Positron Corp., saying the company's former CEO had been the subject of a regulatory action alleging securities law violations.

The SEC upheld FINRA's decision to not process and display on its daily list the molecular imaging company's reverse stock split and the change of its corporate headquarters from Texas to Delaware. FINRA had opted not...

http://www.law360.com/articles/619355/positron-loses-sec-appeal-over-finra-daily-list-ruling