Supurva Healthcare Group Inc (SPRV)

[Saving Grace]

I know, I just went through another one that was nowhere near on schedule with their original plans and to make matters worse, Finra fined them right out of the gate by not following Finra rule 6490 as they announced it before Finra approval rather than after which Finra further delayed the whole process even longer.

I don't want to come out to be a wolf here but I think Danos may have made the same mistake as he did also announce it first. Many old school CEO's don't even know about this rule as it was enacted in 2010. The other company had no idea of it either. The repercussions are the fine and delay in the process.

I sincerely believe The Rule was violated which is the reason why site information was taken down systematically on both sites at precisely the same time.

It worked out with the other one too but just took a little longer getting approval.

It's an educated guess that he made the same mistake, but that would answer some questions.

Here is rule 6490 and the fines associated with the rule violations.

http://www.hg.org/article.asp?id=24087

http://www.finra.org/industry/faq-upc-corporate-actions-faq#2-1