der alte PAULSON

Kosmonova buran  

:::::::::::::: 1,0122 $ +13,73% +0,1222 $
In Euro: 0,7447 € | Nasdaq, 20.11.13 ,GrB  

Preis pro share 0,95 $ Schleife 800 spread 6,74% buran und MfG und trullala  

boutique investment bank focused on the small to mid-cap markets. For over 40 years our clients have benefited from our capital markets capabilities and our commitment to helping them achieve their strategic and financial objectives. We've built our firm on long-term relationships and enduring values, establishing a national reputation for vision, integrity and innovation.
http://www.paulsoninvestment.com/  

http://www.paulsoninvestment.com/annual-report.php GrB  

http://www.paulsoninvestment.com/sec-filing.php GrB  

Paulson Capital Corp. is a holding company whose only operating subsidiary is Paulson Investment Company, Inc.

All of Paulson Capital Corp.'s business is conducted through Paulson Investment Company, Inc., a full service brokerage firm engaged in the purchase and sales of securities from and to the public, as well as its own account, and investment banking activities. Paulson Capital Corp. trades on the Nasdaq Capital Market under the symbol "PLCC".
http://www.paulsoninvestment.com/about-disclosure.php  

13-Nov-2013

Change in Directors or Principal Officers, Submission of Matters to a Vote o


Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 8, 2013, Trent Davis was appointed President of Paulson Capital Corp. Mr. Davis continues to serve as the President of Paulson Investment Company, Inc., the operating subsidiary of Paulson Capital Corp. Chester L.F. Paulson, the former President of Paulson Capital Corp., continues to serve as the Chief Executive Officer of Paulson Capital Corp.

Mr. Davis, aged 45, joined Paulson Investment Company in 1991 in the Operations Department, in 1992 moved to equity trading and, in 1996, was promoted to Senior Vice President, Syndicate/National Sales Department. In July 2005, Mr. Davis was promoted to President and CEO of Paulson Investment Company. Mr. Davis served as a board member and Chairman of NIBA during 2003. Mr. Davis holds a B.S. in Business and Economics from Linfield College and has earned a Master's Degree in Business Administration from the University of Portland. FINRA Licenses include:
Series 7, 24, 63 and 66.

Mr. Davis was elected a Director of Paulson Capital Corp. at the 2013 Annual Meeting of Shareholders held on November 8, 2013. Mr. Davis is the son-in-law of Chester L.F. Paulson, the Chief Executive Officer and former President of Paulson Capital Corp.



Item 5.08 Submission of Matters to a Vote of Security Holders.
On November 8, 2013, Paulson Capital Corp. held its 2013 Annual Meeting of Shareholders. The following is a brief description of each matter submitted to a vote at the Annual Meeting, as well as the number of votes cast for and against and the number of abstentions and broker non-votes with respect to each matter. For more information about these proposals, please refer to Paulson Capital Corp.'s definitive proxy statement filed with the U.S. Securities and Exchange Commission on October 18, 2013.

Proposal No. 1: Approval of Amendment and Restatement of the Restated Articles of Incorporation

The shareholders approved an amendment and restatement of the Restated Articles of Incorporation of Paulson Capital Corp. to authorize the classification of the Board of Directors into three classes with staggered terms, with 4,254,317 shares in favor, 117,850 shares against, 900 shares abstaining and 403,529 broker non-votes.

Proposal No. 2: Election of Directors

The shareholders elected each of the following persons as a director.

                                                                      Broker
         Director's Name         Votes For      Votes Withheld      Non-Votes
         Chester L.F. Paulson     4,279,766              93,301        403,529
         Charles L.F. Paulson     4,279,766              93,301        403,529
         Paul Shoen               4,370,831               2,236        403,529
         Dr. Shannon Pratt        4,370,931               2,136        403,529
         Trent Davis              4,279,766              93,301        403,529

Proposal No. 3: Approval of Amendment and Restatement of the Restated Articles of Incorporation

The shareholders approved an amendment and restatement of the Restated Articles of Incorporation of Paulson Capital Corp. to effect an increase in the authorized shares of Common Stock, from 10,000,000 shares of Common Stock, no par value per share, and 500,000 shares of preferred stock, no par value per share, to 90,000,000 shares of Common Stock, par value $0.0001 per share, and 30,000,000 shares of Preferred Stock, par value $0.0001 per share (unless Proposal 7 is approved, in which case Proposal 7 shall be effectuated), with 4,762,365 shares in favor, 14,131 shares against, 100 shares abstaining and 0 broker non-votes.

Proposal No. 4: Approval of Amendment and Restatement of the Restated Articles of Incorporation

The shareholders approved an amendment and restatement of the Restated Articles of Incorporation of Paulson Capital Corp. to designate 30,000,000 shares of preferred stock as "blank check" preferred stock (unless Proposal 7 is approved, in which case Proposal 7 shall be effectuated), with 4,138,188 shares in favor, 211,322 shares against, 23,557 shares abstaining and 403,529 broker non-votes.

Proposal No. 5: Approval of a Reverse Stock Split

The shareholders approved a reverse stock split of the issued and outstanding capital stock of Paulson Capital Corp. by a ratio of not less than one-for-two and not more than one-for-ten at any time within 18 months following the Annual Meeting, with the exact ratio to be set at a number within this range as determined by the Board of Directors, in its sole discretion, with 4,651,473 shares in favor, 125,123 shares against, 0 shares abstaining and 0 broker non-votes.

Proposal No. 6: Authorization to Issue Securities in a Non-Public Offering

The shareholders approved the authorization to issue securities of Paulson Capital Corp. in a non-public offering in accordance with NASDAQ Listing Rule 5635, with 4,366,681 shares in favor, 6,386 shares against, 0 shares abstaining and 403,529 broker non-votes.

Proposal No. 7: Approval to Change the State of Incorporation to Delaware from Oregon

The shareholders approved the change in Paulson Capital Corp.'s state of incorporation to Delaware from Oregon by means of a merger of Paulson Capital Corp. into a newly formed, wholly owned Delaware subsidiary pursuant to the terms of a merger agreement, and adopted the Delaware Certificate of Incorporation and By-laws, including an increase in the authorized shares of common stock to 90,000,000 shares of common stock, par value $0.0001 per share, and 30,000,000 shares of "blank check" preferred stock, par value $0.0001 per share, with 4,365,082 shares in favor, 7,985 shares against, 0 shares abstaining and 403,529 broker non-votes.

Proposal No. 8: Approval of 2013 Equity Incentive Plan

The shareholders approved the Paulson Capital Corp. 2013 Equity Incentive Plan, including the reservation of 1,500,000 shares of common stock for issuance thereunder, with 4,236,152 shares in favor, 136,915 shares against, 0 shares abstaining and 403,529 broker non-votes.

Proposal No. 9: Advisory Vote to Approve Executive Compensation

The shareholders cast an advisory vote to approve executive compensation as follows: 4,252,909 shares in favor; 118,422 shares against; 1,736 shares abstaining; and 403,529 broker non-votes.

Proposal No. 10: Advisory Vote on the Frequency of Holding Future Advisory Votes on Executive Compensation

The shareholders cast an advisory vote on the frequency with which Paulson Capital Corp. should conduct future advisory votes on named executive officer compensation, with 4,185,661 shares in favor of a one-year frequency, 20,100 shares in favor of a two-year frequency, 100 shares in favor of a three-year frequency, 167,206 shares abstaining and 0 broker non-votes.
http://biz.yahoo.com/e/131113/plcc8-k.html  

14-Nov-2013

Quarterly Report
http://biz.yahoo.com/e/131114/plcc10-q.html  

If your a microcap value investor, Paulson Capital Corp (PLCC) has most likely been looked at or on your radar, but passed on due to the never ending cash burn and unintelligent management. In this short, but very informative article, you will find their might be a new reason to invest in this microcap investment bank.

(PLCC) is an investment bank, for companies like itself, based in Portland, Oregon. The majority of the company's common stock is controlled by the Paulson family who run the show at the IB, having multiple family members as executives and on the payroll. I do not want to get into the IB business of the company, as all there is to know is that they do a few >$50M offerings per year and they burn a few million in cash on average per year.

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Chest Paulson, at 77 years old, is the head and majority holder of PLCC. Mr. Paulson is nearing the average life expectancy age and being a VIP at PLCC, there is an $8M key man insurance policy on his head. This means that if Chet Paulson died tomorrow, PLCC would receive an $8M cash payment. That is more than the current market cap of the company, $6.6M! PLCC has about $10M in equity, consisting mostly of cash and marketable securities.

Though looking at profiting off of the life insurance policy of a human may be looked at as a bit harsh, it is one possible catalyst that could send PLCC through the roof. Trading below book, with the chance to double your money if the majority holder died, PLCC looks like a great buy. Aside from the insurance policy the company has, I believe the heirs of the founders stake would choose to liquidate the company for its cash and shut it down.

Overall, I see two to four bagger potential in PLCC. I have been studying the company for over a year now, and it has gone up a lot, along with improving its cash burn rate. The stock is quite volatile, and i would advise you slowly build up a position so to not run up the price with a huge order.

My previous pick on eOn Communications (EONC), was right on, as the stock traded above a dollar shortly after my article was written along with being put back into Nasdaq compliance. The stock has been up about 40% since my article was written! No, the company didn't do anything different or announce anything, investors saw the logic in my article and decided to follow my thesis.

http://seekingalpha.com/article/...ue-in-paulson-capital?source=yahoo  

18-Nov-2013

Change in Directors or Principal Officers, Submission of Matters to a Vote


Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 8, 2013, Trent Davis was appointed President of Paulson Capital Corp. Mr. Davis continues to serve as the President of Paulson Investment Company, Inc., the operating subsidiary of Paulson Capital Corp. Chester L.F. Paulson, the former President of Paulson Capital Corp., continues to serve as the Chief Executive Officer of Paulson Capital Corp.

Mr. Davis, aged 45, joined Paulson Investment Company in 1991 in the Operations Department, in 1992 moved to equity trading and, in 1996, was promoted to Senior Vice President, Syndicate/National Sales Department. In July 2005, Mr. Davis was promoted to President and CEO of Paulson Investment Company. Mr. Davis served as a board member and Chairman of NIBA during 2003. Mr. Davis holds a B.S. in Business and Economics from Linfield College and has earned a Master's Degree in Business Administration from the University of Portland. FINRA Licenses include:
Series 7, 24, 63 and 66.

Mr. Davis was elected a Director of Paulson Capital Corp. at the 2013 Annual Meeting of Shareholders held on November 8, 2013. Mr. Davis is the son-in-law of Chester L.F. Paulson, the Chief Executive Officer and former President of Paulson Capital Corp.



Item 5.07 Submission of Matters to a Vote of Security Holders.
On November 8, 2013, Paulson Capital Corp. held its 2013 Annual Meeting of Shareholders. The following is a brief description of each matter submitted to a vote at the Annual Meeting, as well as the number of votes cast for and against and the number of abstentions and broker non-votes with respect to each matter. For more information about these proposals, please refer to Paulson Capital Corp.'s definitive proxy statement filed with the U.S. Securities and Exchange Commission on October 18, 2013.

Proposal No. 1: Approval of Amendment and Restatement of the Restated Articles of Incorporation

The shareholders approved an amendment and restatement of the Restated Articles of Incorporation of Paulson Capital Corp. to authorize the classification of the Board of Directors into three classes with staggered terms, with 4,254,317 shares in favor, 117,850 shares against, 900 shares abstaining and 403,529 broker non-votes.

Proposal No. 2: Election of Directors

The shareholders elected each of the following persons as a director.

                                                                      Broker
         Director's Name         Votes For      Votes Withheld      Non-Votes
         Chester L.F. Paulson     4,279,766              93,301        403,529
         Charles L.F. Paulson     4,279,766              93,301        403,529
         Paul Shoen               4,370,831               2,236        403,529
         Dr. Shannon Pratt        4,370,931               2,136        403,529
         Trent Davis              4,279,766              93,301        403,529

Proposal No. 3: Approval of Amendment and Restatement of the Restated Articles of Incorporation

The shareholders approved an amendment and restatement of the Restated Articles of Incorporation of Paulson Capital Corp. to effect an increase in the authorized shares of Common Stock, from 10,000,000 shares of Common Stock, no par value per share, and 500,000 shares of preferred stock, no par value per share, to 90,000,000 shares of Common Stock, par value $0.0001 per share, and 30,000,000 shares of Preferred Stock, par value $0.0001 per share (unless Proposal 7 is approved, in which case Proposal 7 shall be effectuated), with 4,762,365 shares in favor, 14,131 shares against, 100 shares abstaining and 0 broker non-votes.

Proposal No. 4: Approval of Amendment and Restatement of the Restated Articles of Incorporation

The shareholders approved an amendment and restatement of the Restated Articles of Incorporation of Paulson Capital Corp. to designate 30,000,000 shares of preferred stock as "blank check" preferred stock (unless Proposal 7 is approved, in which case Proposal 7 shall be effectuated), with 4,138,188 shares in favor, 211,322 shares against, 23,557 shares abstaining and 403,529 broker non-votes.

Proposal No. 5: Approval of a Reverse Stock Split

The shareholders approved a reverse stock split of the issued and outstanding capital stock of Paulson Capital Corp. by a ratio of not less than one-for-two and not more than one-for-ten at any time within 18 months following the Annual Meeting, with the exact ratio to be set at a number within this range as determined by the Board of Directors, in its sole discretion, with 4,651,473 shares in favor, 125,123 shares against, 0 shares abstaining and 0 broker non-votes.

Proposal No. 6: Authorization to Issue Securities in a Non-Public Offering

The shareholders approved the authorization to issue securities of Paulson Capital Corp. in a non-public offering in accordance with NASDAQ Listing Rule 5635, with 4,366,681 shares in favor, 6,386 shares against, 0 shares abstaining and 403,529 broker non-votes.

Proposal No. 7: Approval to Change the State of Incorporation to Delaware from Oregon

The shareholders approved the change in Paulson Capital Corp.'s state of incorporation to Delaware from Oregon by means of a merger of Paulson Capital Corp. into a newly formed, wholly owned Delaware subsidiary pursuant to the terms of a merger agreement, and adopted the Delaware Certificate of Incorporation and By-laws, including an increase in the authorized shares of common stock to 90,000,000 shares of common stock, par value $0.0001 per share, and 30,000,000 shares of "blank check" preferred stock, par value $0.0001 per share, with 4,365,082 shares in favor, 7,985 shares against, 0 shares abstaining and 403,529 broker non-votes.

Proposal No. 8: Approval of 2013 Equity Incentive Plan

The shareholders approved the Paulson Capital Corp. 2013 Equity Incentive Plan, including the reservation of 1,500,000 shares of common stock for issuance thereunder, with 4,236,152 shares in favor, 136,915 shares against, 0 shares abstaining and 403,529 broker non-votes.

Proposal No. 9: Advisory Vote to Approve Executive Compensation

The shareholders cast an advisory vote to approve executive compensation as follows: 4,252,909 shares in favor; 118,422 shares against; 1,736 shares abstaining; and 403,529 broker non-votes.

Proposal No. 10: Advisory Vote on the Frequency of Holding Future Advisory Votes on Executive Compensation

The shareholders cast an advisory vote on the frequency with which Paulson Capital Corp. should conduct future advisory votes on named executive officer compensation, with 4,185,661 shares in favor of a one-year frequency, 20,100 shares in favor of a two-year frequency, 100 shares in favor of a three-year frequency, 167,206 shares abstaining and 0 broker non-votes.
http://biz.yahoo.com/e/131118/plcc8-k_a.html  

NEW YORK, Nov. 20, 2013 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market(R) (NDAQ) announced that trading was halted today in Paulson Capital Corporation (PLCC) at 11:59:21 Eastern Time for "additional information requested" from the company at a last price of $1.0122.

Trading will remain halted until Paulson Capital Corporation has fully satisfied NASDAQ's request for additional information.

For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the NASDAQ(R) Web site.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com.

NDAQO


Contact:
NASDAQ OMX Media Contact:
Wayne Lee
+1.301.978.4875
Wayne.D.Lee@NASDAQOMX.com
http://finance.yahoo.com/news/...n-capital-corporation-183921340.html  

Period Ending Sep 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012
Total Revenue 3,407   1,235   1,368   544  
Cost of Revenue -   -   -   -  
Gross Profit 3,407   1,235   1,368   544  
Operating Expenses
Research Development -   -   -   -  
Selling General and Administrative 2,121   1,475   847   775  
Non Recurring 301   426   693   303  
    Others§7   1   0   0  
Total Operating Expenses -   -   -   -  
Operating Income or Loss 1,207   (240) 58   (305)
Income from Continuing Operations
Total Other Income/Expenses Net -   -   (106) (23)
Earnings Before Interest And Taxes 1,208   (225) (49) (329)
Interest Expense 0   16   -   -  
Income Before Tax 1,207   (240) (49) (329)
Income Tax Expense -   -   -   -  
Minority Interest 40   -   -   -  
Net Income From Continuing Ops 1,247   (240) (49) (329)
Non-recurring Events
Discontinued Operations -   -   -   -  
Extraordinary Items -   -   -   -  
Effect Of Accounting Changes -   -   -   -  
Other Items -   -   -   -  
Net Income 1,247   (240) (49) (329)
Preferred Stock And Other Adjustments -   -   -   -  
Net Income Applicable To Common Shares 1,247   (240) (49) (329)
http://finance.yahoo.com/q/is?s=plcc  

27-Nov-2013

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standa


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On November 21, 2013, Paulson Capital Corp. (the "Company") received a letter from The NASDAQ Stock Market ("NASDAQ") stating that the Company had failed to comply with NASDAQ's Listing Rule 5250(e)(6), which requires that the issuer of any class of securities listed on NASDAQ must notify NASDAQ no later than ten calendar days prior to the record date of a cash or non-cash dividend or other distribution. The record date at issue is the October 11, 2013 record date (the "Record Date") that was established by the Company for purposes of determining the shareholders of the Company eligible to receive distributions from a liquidating trust (the "Trust") that is to be established by the Company and funded with certain assets held by Paulson Investment Company, Inc., the Company's operating subsidiary.

The transaction in connection with which the Trust is to be established was described in the proxy statement (the "Proxy Statement") that was provided to the Company's shareholders in connection with the 2013 Annual Meeting of Shareholders held on November 8, 2013, and was approved by the shareholders at that meeting. As described in the Proxy Statement, shareholders of the Company as of the Record Date would be eligible to participate in distributions from the Trust. Company shareholders who acquired their shares after the Record Date will not have any rights with respect to the Trust, including any right to participate in distributions from the Trust. Notification of the Record Date and the significance thereof was provided by the Company in a press release issued on September 27, 2013, and had been previously described in the Company's current reports on Forms 8-K and 8-K/A, filed on July 26, 2013 and August 30, 2013, respectively.

The Company believed that adequate public information regarding the Record Date and the significance of such date with respect to shareholders' eligibility to participate in the Trust had been provided in the Company's Form 8-K filings and in the press release issued on September 27, 2013. However, the Company was notified by NASDAQ that direct notification to NASDAQ pursuant to NASDAQ's Listing Rule 5250(e)(6) had been required and had not been provided to NASDAQ. Accordingly, NASDAQ deemed the Company to be in violation of NASDAQ's listing standards.

NASDAQ has requested that the Company provide, by December 6, 2013, a plan of compliance outlining how the Company will ensure timely future compliance with Listing Rule 5250(e)(6) through the implementation of new controls and procedures. The Company is in the process of preparing that plan.
http://biz.yahoo.com/e/131127/plcc8-k.html  

Index Membership: N/A
   Sector: Financial          §
 Industry:§Investment Brokerage - Regional
Full Time Employees: 14
http://finance.yahoo.com/q/pr?s=PLCC+Profile  

Website: http://www.paulsoninvestment.com

buran und MfG und schüddelböööööööön  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  15.01.14      0,84      0,84§0,84 0,84 $ 751 420
  14.01.14      0,87      0,87§0,75 0,87 $ 14.131 11.464
  13.01.14    0,8501      0,87§0,85 0,87 $ 5.952 5.140
  10.01.14      0,90      0,90§0,8501 0,8596 $ 4.479 3.716
  09.01.14      0,92      0,92§0,8612 0,90 $ 934 756
  08.01.14      0,60      1,01§0,60 0,92 $ 18.407 15.693

GrB  

:::::::::::::: 0,8699 $ +4,79% +0,0398 $
In Euro: 0,6425 € | Nasdaq, 17.01.14:::::::::::: Badegast buran hat heute erfolgreich in unserem Schwimmbad an unserer Wassertherapie teilgenommen und kann nun wieder der häuslichen Badewanne übergeben werden

buran & Paulson,Die Börsen Tickerlampen Bademeisters  

Trading Pending Hearing Disposition; Issuance of and Intention to Appeal NASDAQ Determination Letter; and Appointment of Independent Director
GlobeNewswirePaulson Capital Corp.
January 6, 2014 5:59 PM
PORTLAND, Ore., Jan. 6, 2014 (GLOBE NEWSWIRE) -- Paulson Capital Corp. (PLCC) (the "Company") today announced that it is expected that, effective on January 8, 2014, the Company's common stock will resume trading on The NASDAQ Stock Market ("NASDAQ") under the Company's symbol ("PLCC"). The Company also announced that, on December 30, 2013, the Company received a letter from the NASDAQ Listing Qualifications Staff (the "Staff") stating that the Company's common stock is subject to delisting based on non-compliance with NASDAQ Listing Rule 5250(e)(6), which the Staff has indicated required the Company to notify NASDAQ 10 calendar days in advance of the October 11, 2013 record date established for participation in distributions from an irrevocable liquidating trust (the "Trust") to be formed by the Company (the "Record Date"), as more fully discussed below.

The Company previously disclosed the Staff's views with respect to the Record Date notice requirement in a Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on November 27, 2013. As was noted in that filing, on September 27, 2013, the Company issued a press release announcing the Record Date along with information relating to the formation of the Trust.

The Staff determination letter also raises "public interest" concerns, pursuant to the discretionary authority granted to NASDAQ under Listing Rules 5100 and 5101 and IM-5101-1, which the Staff believes further support delisting. In particular, the Staff raised concerns based on certain Company disclosures that the Company may divest itself of its interest in its sole operating subsidiary and that therefore investors do not know what the Company's business will be in the future. As a result, the Staff concluded that the Company may be characterized as a "public shell." The Staff also expressed its belief that there had been a lack of clear disclosure about the current nature of the Company's business and the Company's business plans going forward. In addition, the Staff concluded that market confusion resulted following the Record Date from the Company's failure to provide NASDAQ with timely notice of the Record Date pursuant to Listing Rule 5250(e)(6).

The Company intends to request an appeal of the Staff's determination before an independent NASDAQ Listing Qualifications Panel (the "Panel"). The timely filing of an appeal with the Panel will result in a stay of any suspension or delisting action pending the issuance of the Panel's decision following the hearing. However, there can be no assurance that the Panel will grant the Company's request for continued listing following the hearing.

As previously announced, the assets that will ultimately be contributed to the Trust consist of non-operational assets held by Paulson Investment Company, Inc. ("PIC"), the Company's broker-dealer subsidiary on the Record Date, such as cash, receivables, income taxes receivable, trading and investment securities, underwriter warrants, and an insurance policy on the life of the founder of the Company (Chester Paulson) (or proceeds from the sale of such policy). As of September 30, 2013, these assets totaled approximately $11.9 million. While these assets have been designated to be set aside for inclusion in the Trust, liquidation by a trustee, and distribution in the future to the stockholders on the Record Date, they do not constitute all of the assets of PIC. As of September 30, 2013, cash, receivables, investment securities, underwriter warrants, prepaid expenses, and furniture and equipment, all related to the on-going operations of the broker-dealer, totaling approximately $3.4 million, were allocated to PIC. PIC will continue as an operating entity and, in fact, the Company has expanded PIC's operations since the Record Date.

As described in the Proxy Statement that was provided to the Company's shareholders in connection with the 2013 Annual Meeting held on November 8, 2013 (the "Proxy Statement"), the Company expects to create the Trust and transfer to it selected non-operating PIC assets, as described above and as described more fully in the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2013 ("Third Quarter Form 10-Q"). The Company has a 100% voting interest and 84% beneficial interest in PIC and will continue to operate PIC following the creation of the Trust. As is discussed more fully in the Third Quarter Form 10-Q, PIC grew in size and operations in 2013 with offices in New York City, San Francisco, and Portland, and acted as placement agent for six companies during the year. As referenced above, the assets to be transferred to the Trust are non-operating and mostly financial assets from historical activities that are not required for the conduct of PIC's broker-dealer operations. As previously announced, shareholders who acquired their shares of the Company's Common Stock after the Record Date have no right to participate in the Trust or to the payment by the trustee of any proceeds from the Trust but continue to own an indirect interest in the operations and activity of PIC through their ownership of the Company's Common Stock. It is expected that the Trust will be formed in 2014, with the Trust assets ultimately to be distributed to owners of the Company's common stock as of the Record Date within the next three years.

The Company previously disclosed in the Proxy Statement, its Forms 10-Q for the quarterly periods ended June 30, 2013 and September 30, 2013 filed with the SEC on August 19, 2013 and November 14, 2013, respectively, and its Current Report on Form 8-K/A filed with the SEC on August 30, 2013, that the Board of Directors was contemplating a restructuring of the ownership of the broker-dealer business in the future, which could initially reduce the Company's ownership in PIC to as low as 25 percent. The Company wished to update the status of such activities and announced that this is but one of a number of options that are being explored in an effort to enhance shareholder value. As noted above, the Company currently has a 100% voting interest and 84% beneficial interest in PIC and therefore does not believe that it is appropriate to characterize the Company as a "public shell." While it remains possible that the Company will take actions in the future that could result in a reduction in its ownership in PIC, the Company has no current plans to divest itself of PIC, particularly if such divestiture would result in the Company no longer owning an operating business. Notwithstanding, the Company is actively considering alternative business initiatives including mergers with and investments in private or public companies.

Finally, on December 16, 2013, Mr. Chester Paulson resigned from the Board, and the remaining directors appointed Dr. Denis Burger to fill Mr. Paulson's vacancy. Dr. Burger's appointment gives the Board a majority of independent directors and his appointment to the Audit Committee gives the committee three independent members, bringing the Company back into compliance with NASDAQ Listing Rules 5605(b)(1) and 5605(c)(2). The Company previously had received a letter from the Staff stating that the Company was not in compliance with NASDAQ Listing Rules 5605(b)(1) (which requires that the Company have a majority of independent directors) and 5605(c)(2) (which requires that the Company have an audit committee with at least three members, each of whom is independent) and has now regained compliance with such Rules.

Mr. Trent Davis, CEO, stated, "We are pleased to have Dr. Burger return to the Company's Board, of which he was a member from 2008 to 2010." From 1991-2011, he was managing director of Sovereign Ventures, LLC, a biotech investing and consulting firm. He was a director of BioCurex, Inc., a developer of a universal cancer marker, from 2010 to 2013; chairman and chief executive officer of AVI BioPharma, Inc., a drug development company using gene targeted therapeutics, from 1997 to 2007; and founding chairman of Epitope, Inc., a developer of diagnostic products, from 1981 to 1990. Dr. Burger is currently a director of Trinity Biotech PLC, a diagnostic products developer, and Lorus Therapeutics, a cancer therapeutics company. Earlier in his career, he was a Professor of Microbiology and Immunology, an Associate Professor of Surgery and the Director of the Histocompatibility Testing Laboratory at Oregon Health Sciences University. He holds a B.A. degree in Bacteriology and Immunology from the University of California at Berkeley, and an M.S. and Ph.D. in Microbiology and Immunology from the University of Arizona, Tucson.

About Paulson Capital Corp.

Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc. Headquartered in Portland, OR, Paulson Investment Company, Inc. (member FINRA/SIPC) has been a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten over 150 securities offerings and has generated more than $1.2 billion for client companies. The company's web site is available at www.paulsoninvestment.com.

This release may contain "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results of achievements may be materially different from those expressed or implied. Paulson's plans and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control. In particular, we make assumptions about our ability to complete corporate transactions, including the transactions with the Investor Group, which are difficult or impossible to predict accurately and often beyond the control of Paulson. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.


Contact:
MEDIA CONTACT:
Kellie Davis - Investor Relations
503.243.6000
kmdavis@paulsoninvestment.comhttp://finance.yahoo.com/news/...corp-announces-shares-225959763.html  

Corporation
GlobeNewswireThe NASDAQ OMX Group, Inc.
January 7, 2014 2:45 PM
NEW YORK, Jan. 7, 2014 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market (NDAQ) announced today that trading in Paulson Capital Corporation (PLCC) is scheduled to resume on Wednesday, January 8, 2014 at 7:15 a.m., Eastern Time. Trading in the company's stock was halted on November 20, 2013 at 11:59:21 a.m., Eastern Time.

For news and additional information about the company, please contact the company directly, or check under the company's symbol using InfoQuotesSM on the NASDAQ Web site at www.nasdaq.com.

For more information about NASDAQ trade halts, visit www.nasdaqtrader.com or the NASDAQ OMX NewsroomSM at http://www.nasdaqomx.com/whoweare/newsroom/.

NDAQG


Contact:
NASDAQ OMX Media Contacts: Joseph Christinat
+1.212.441.5121
Joseph.Christinat@nasdaqomx.com
Josh Machiz
+1.212.231.5614
Josh.Machiz@nasdaqomx.comhttp://finance.yahoo.com/news/...ption-paulson-capital-194500639.html  

Zeit     Kurs Stück
  21:05:23§0,8636 $ 100
  20:49:13§0,8652 $ 100
  19:55:38§0,8636 $ 200
  19:38:14§0,83 $ 142
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  17:40:42§0,8692 $ 158
  16:02:45§0,8699 $ 158
__________________
GRATULATION  

0.86 Down 0.01(0.74%) 3:05PM EST
Prev Close: 0.87
     Open:       N/A          §
      Bid:§0.25 x 100
      Ask:§1.00 x 100
1y Target Est: N/A
     Beta:      1.58§
Next Earnings Date: N/A
Day's Range: 0.83 - 0.87
52wk Range: 0.57 - 1.90
   Volume:     2,135§
Avg Vol (3m): 10,415
Market Cap: 5.26M
P/E (ttm): N/A
EPS (ttm): -0.28
Div & Yield: N/A (N/A)
http://finance.yahoo.com/q?s=plcc&ql=1  

Datum Erster Hoch Tief Schluss     Stücke Volumen
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