Metatron Inc (MRNJ)

[getmoreshares]

SECURITIES EXCHANGE ACT OF 1934
Release No. 86069 / June 7, 2019
Admin. Proc. File No. 3-18567
In the Matter of the Application of
METATRON, INC.
For Review of Action Taken by
FINRA
ORDER REQUESTING ADDITIONAL BRIEFING
Metatron, Inc. appeals from FINRA’s denial of its request that FINRA process and
announce a reverse stock split on FINRA’s website.1
FINRA found that Metatron’s request was
“deficient” under FINRA Rule 6490(d)(3)(2) because, in FINRA’s view, Metatron was “not
current in its reporting requirements, if applicable, to the [Commission].” To this point, the
parties’ briefs have focused on whether Metatron had, at the time of FINRA’s action, reporting
requirements as a result of filing a Form 10-SB in 2002 to register a class of its common stock
notwithstanding its subsequent filing of a Form 15 to terminate that registration. However, it
appears that Metatron may have had reporting requirements as a result of filing a Form S-8
registration statement in 2004 to register 3,000,000 shares of its common stock. We therefore
request that the parties provide additional briefing to address this latter issue