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Gold/Mining/Energy : Rock Resources

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To: marcos who wrote (1483)	12/30/1999 3:51:00 PM
From: the Chief	Read Replies (1) of 1996

I answered this about 5 minutes ago, and hit "submit"...its in SI cyberspace somewhere...don't know where it went. When a company decides to issue itself options or go out for funding via PP, they must seek "Exchange" approval first. Thats why you see a "proposed" message and then an "accepted for filing" message weeks later. The accepted for filing is the "exchange authorizing the companies request". When that request is approved by the exchange, the exchange adds those shares as a "liability" against the company, even though not issued. This is what you are reading as OS from the exchange...unless the CDNX is out to lunch....this is how all exchanges work. The transfer agent regurgitates the exchange numbers. the Chief

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