Positron Corporation (POSC)

[derrickcan]

I just read the SEC complaint. Rooney is tenacious. He seems to have done everything possible to push this company over the finish line. The only problem I see is that if they settle the matter now, Mr. Rooney will end up on the outside looking in. Under the list of remedies that the SEC is seeking is the following:

G. Enter an Order, pursuant to Section 20(e) of the Securities Act [15 U.S.C. § 77t(e) and Section 21(d)(2) of the Exchange Act [15 U.S.C. § 78u(d)(2)], barring Rooney from serving as an officer or director of a public company;

To me, it would seem to be a bad thing if this SEC matter were resolved too early. The remedy would strip the company of its visionary leader before the winning goal was scored.