Why do you see large crosses before a run up on a stock?? What is the function of same and utility?
Here's an example of one that didn't.
cdnx.ca
This is why though
http://www.cdnx.ca/Notices/NoticeDetail.asp?NoticeId=69617
HAWKEYE VENTURES INC. ("HAK")
BULLETIN TYPE: CPC-Commence Trading
BULLETIN DATE: January 25, 2001
Tier 2 Company
This Capital Pool Company's ('CPC') Prospectus dated December 14, 2000 has been filed with and accepted by CDNX
and the Alberta Securities Commission effective December 18, 2000, pursuant to the provisions of the Alberta
Securities Act. The Common Shares of the Company will be listed on CDNX on the effective date stated below.
The Company has completed its initial distribution of securities to the public. The gross proceeds received by the
Company for the Offering (2,000,000 shares at $0.20 per share) were $400,000.
Immediately prior to commencement of trading, a cross will be reported through the facilities of the Canadian Venture
Exchange to reflect the prior distribution of 2,000,000 common shares at $0.20 per share, sold pursuant to a prospectus
dated December 14, 2000.
Commence Date: At the opening on MONDAY, JANUARY 29, 2001, the Common shares will commence trading on
CDNX.
Corporate Jurisdiction: Alberta
Capitalization: Unlimited common shares with no par value of which
3,000,000 common shares are issued and outstanding
Escrowed Shares: 1,000,000 common shares
Transfer Agent: Montreal Trust Company of Canada - Calgary
Trading Symbol: HAK
CUSIP Number: 420205 10 6
Sponsoring Member: Octagon Capital Corporation
Agent's Options: 200,000 non-transferable stock options. One option to purchase one share at $0.20 per share up to
July 29, 2002.
For further information, please refer to the Company's Prospectus dated December 14, 2000.
Company Contact: Richard A. Boulay
Company Address: 400, 606 - 4th Street SW, Calgary, AB, T2P 1T1
Telephone Number: (403) 243-9500
________________________________________
I guess the market then decides what you're company's worth when you start trading that day.
Hope this helps. |
