The New CDNX exchange-trying to cheat the public? Message Board

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Gold/Mining/Energy : The New CDNX exchange-trying to cheat the public?

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To: kidl who wrote (23)	3/9/2000 11:24:00 AM
From: The Barracuda™	of 24

I think the gist of Kaiser's article is that the recent corporate activity should demonstrate to the world at large that full and EASY access to ALL corporate filings is necessary. The CDNX is unable to keep up with the torrent of activity. That this is occurring and that no one organization can possibly, in real time, understand all implications of a corporate filing. Kaiser further alludes to the fact that the CDNX knows this and hence the CDNX's deliberate "bottlenecking." (If the CDNX delays action long enough maybe something nasty will surface, their theory goes) Kaiser also says that this is giving Canadian brokerage firms the power to extort cheap paper from companies that don't wish to have CDNX problems. Myself, if I buy shares in a CDNX company I look for 3 names-if any one of those three names is involved in my potential stock-I stay away. As far as the new power those brokerage firms have, I can think of one fat over fed expense account face that must be smiling like a Cheshire cat.

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