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Monday, April 03, 2023 3:20:18 PM
https://twitter.com/dx_helios/status/1642969866813722624
FINRA denied approving the planned spin-off of heliosDx specifically due to RushNet's failure to file financial statements with the Securities and Exchange Commission (SEC) for the fiscal periods ending September 30th, 2001 through December 31st, 2002. The company appealed this decision to FINRA's Uniform Practice Code Committee, which subsequently denied the appeal. The necessary information to file these financial statements dramatically predates the existing management of the company and is not available. As a result of the nature of this denial by FINRA, it is reasonable to expect that future corporate action submissions will be denied as well.
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