Positron Corporation (POSC)

[pennyrobin]

The original articles of incorporation are amended to increase the A/S common shares ten-fold, to 950M. The reverse split only effects common stock "issued and outstanding."

"The Board of Directors has determined that it will be in the best interest of the shareholders to approve a reverse stock split of our issued and outstanding Common Stock..."

"The Reverse Stock Split will also have the effect of increasing the number of shares of Common Stock available to us for future issuances as the split will not change the number of authorized shares of our Common Stock which will be, upon effectiveness of the Charter Amendment, at 950,000,000 shares. On June 8 2010, there were 95,000,000 shares of Common Stock issued and outstanding."

It takes effect when the amendments are filed with Delaware SOS, where The Company is incorporated. (Form DEF 14C informs SEC of this action.)

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7367835