Positron Corporation (POSC)

[stockslueth]

Reverse split is in the process. Yes, the company was rejected due in fact to Rooney's issues. Rooney is no longer part of the company from what I'm being told .(from Conn)
Rooney is still one of the largest shareholders with restricted stock . That again he purchased at higher levels , fully aware of all the issues that are pending. Did anyone ever ask themselves why would the biggest shareholders in the company convert their debt into common stock (again at higher levels) if they didn't believe in the company . Remember for all you accountants out there , debt gets paid off first if there is a liquidation!
So, the facts remain they converted at higher levels, no one disagrees with that statement .
So , for the reverse split , after a conversation with Conn, he did confirm that indeed the proposed reverse was in fact rejected . Again due to the issues that plague Rooney not the company. Again remember this is a Rooney issue not a Positron issue.
So, Rooney is out . The company has re-filed an amended statement that it would seek a reverse stock split . The SEC and FINRA only had a issue with Rooney not the company .
Through again conversations with Conn , he is highly confident that the proposed reverse split will occur. There is light at the end of this tunnel I assure you of that and it's not a train ending in demise.
Conn's number is readily available on the company's website . He took my phone call on the second time . The Filing is made through the company's attorneys . I would find it hard to believe that it could be rejected when the company solved the only issues preventing it. Due Diligence my fellow shareholders is the key to unlocking the profits here .