If you read the copious amounts of DD available along with the history of this company and all the events that have led up to a 90%+ decline in PPS its not hard to surmise where this is heading.
Based on the latest manuscripts from the court proceedings its easy to ascertain that the outcome will not be good for Positron either directly or indirectly.
If Mr. Rooney is forced to return the misdirect Solaris funds the preferred shares that were bought will likely have to be liquidated. If Mr. Rooney is ordered to absolve himself of all investments in the company he will also likely need to sell his preferred shares as per his convertible debenture. Its not hard to figure out where this is heading.
Is it coincidence the SEC has not yet approved the RS? Probably wont until the next hearing because they know what Mr. Rooney is trying to do before the hammer falls.
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