Replies to post #60234 on Supurva Healthcare Group Inc (SPRV)

[Saving Grace]

I agree and couple all of that with the Finra rule 6490 that was recently enacted. It isn't easy like it use to be to make changes anymore and they dig now with a fine tooth comb until each base is covered. The rule states that you must file with Finra 10 days before making any announcement and can take as long as 60 days if you are not pink. The fine alone by not filing with Finra first is 5k. We don't see the beginning filings. Im following another one going through the same thing and they are going on a month and a half since announcing the filings but made the mistake of not being pink.

All we can do now is wait to be approved. Hope it isn't too long of a wait.

Here's the Finra rule 6490 and some good scenarios of what could happen.

http://securities-law-blog.com/tag/finra-rule-6490/