Replies to post #16594 on Positron Corporation (POSC)

[Jacker]

It has everything to do with the company and they way they operate Rick.

[kingofzamunda1]

So now there are 2 issues? One issue with the SEC and Pat Rooney, and second different issue with Positron/Pat Rooney and the DTC. Do you see a problem here?

[bpatient]

Yes I agree, they are separate entities. However, the DTC is registered with the SEC and therefore legally connected to it.
I am merely suggesting that it was possible the DTC "chill" was imposed because of the missing form D submissions. A simple oversight by Positron.

http://www.sec.gov/investor/alerts/dtcfreezes.pdf
Chills and freezes can be imposed on securities for more complicated reasons, such as when DTC determines that there may be a legal, regulatory, or operational problem with the issuance of the security, or the trading or clearing of transactions involving the security. For example, DTC may chill or freeze a security when DTC becomes aware or is informed by the issuer, its transfer agent, federal or state regulators, or federal or state law enforcement officials that an issuance of some or all of the issuer’s securities or transfer in those securities is in violation of state or federal law.