SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John McDonald who wrote ()3/17/2000 3:03:00 PM
From: ms.smartest.person   of 4541
 
How long does it take to draft a two paragraph statement? Pacific Century CyberWorks said its shares remained suspended in afternoon trade as it is still waiting for the Securities and Futures Commission and the stock exchange to approve the wording of its statement to the market.

The company's shares were suspended from the opening of trade following a
report in which group general manager, Alex Arena, was quoted as saying that
the company had "booked" an unrealised gain of 1.0 bln usd on investments in
a dozen companies.

One analyst, who follows the company closely and did not want to be
named, said it was the company which called a halt to the trading of its
shares as it wanted to clarify Arena's statement.

"The market is baffled by the delay in the company's statement being
issued. How long does it take to draft a two paragraph statement?

"All this is doing is creating wild rumours and speculation."

The company is scheduled to report its 1999 results on Monday but CyberWorks said this is not certain.

baby.boom.com.hk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext