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Article: Helionetics denies Wall Street Journal report that the company will not cooperate with American Stock Exchange inquiry.
- Article from:
- Business Wire
- Article date:
- December 13, 1994
CopyrightCOPYRIGHT 1994 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVINE, Calif.--(BUSINESS WIRE)--Dec. 13, 1994--The following statement was issued Tuesday by Helionetics Inc.:
A Wall Street Journal article of Dec. 8, 1994, incorrectly stated that "rather than cooperate with the investigation (the American Stock Exchange's inquiry into certain of the company's financial reports and other matters), Helionetics intends voluntarily to remove its shares from listing on the American Stock Exchange."
The publication further quoted a Helionetics' news release as saying the exchange's inquiry will "focus on its compliance with securities laws..."
The facts are that Helionetics never stated, nor implied, that ...