Read this SEC places an R behind the symbol
Business Wire "US Press Releases "
SALT LAKE CITY--(BUSINESS WIRE)--
Chief Executive Officer Jerry N. Gines of National Hyperbaric Rehab Center, Inc. ("NHRC") (Pink Sheets: NHYB) today made the following announcement: "National Hyperbaric Rehab Center has recently been placed in a position that does not allow shorting of our stock. This SEC action places an R behind our symbol so short trading is deemed illegal. This regulation is the SHO threshold security."
As defined in Rule 203(c)(6) of Regulation SHO, a "threshold security" is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
-- there are aggregate fails to deliver at a registered clearing
agency of 10,000 shares or more per security;
-- the level of fails is equal to at least one-half of one
percent of the issuer's total shares outstanding; and
-- the security is included on a list published by a
self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
"The continued suppression of our stock has resulted because of shorting activity. This safeguard will enable the company to have a better stock trading position by eliminating short selling," Gines continued. "The management of National Hyperbaric Rehab Center has great confidence in the future of the company. We applaud the action taken by the SEC. It is a favorable step in building value for our future together."
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of National Hyperbaric Rehab Center, Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Source: National Hyperbaric Rehab Center, Inc.
