4 days left. I'm glad to see most of you are reading the rules. In case some of you are still picking stocks under 0.40 or stocks that trade on the Cdn OTC I have reprinted the rules below. I know sometimes it's easy to miss the rules on the thread intro header.
Thanks also for not submitting multiple changes after your initial entry. Put some thought into your picks and wait until you are sure. Extra changes add a lot of extra work and increase the potential for input errors on my part.
Keep em comin.
1. DEADLINE - All complete and eligible entries received prior to the start of
trading on October 1st, 1997 will be included. This time is estimated at 7:29 AM
Mountain Time on Oct. 1st. Don't wait until the last possible minute as any late
entries will be void and eliminated without additional warning - NO
EXCEPTIONS. This is in fairness to all entrants. Please do not submit your entries
until you are sure of them.
2. DURATION - October 1st - December 31, 1997.
3. SELECTION - You MUST select five (5) stocks listed on a Canadian exchange
(TSE, MSE, VSE, ASE) - NO MORE, NO LESS.
Please list your 5 stocks including exchange in the first line of your post on
this thread so that it shows up in the first line. Suggested format: Sym.Ex
i.e. ZZZ.A, YYY.T
The following rules should be noted regarding eligibility of stocks:
Only common shares are eligible i.e. no warrants, debentures, preferred shares or
other non common shares.
Stocks closing for less than $0.40 are eligible BUT WILL BE ASSIGNED A
SEPT. 30 CLOSING PRICE OF $0.40 for contest evaluation purposes. This
MIN STOCK PRICE RULE has been hotly debated over the course of 1997 and
the Contest Adminstrator has chose to continue it for the 4th quarter contest.
Please note what this means for your contest portfolio if you select say a penny
stocks which has a Sept. 30 close of $0.15 and Dec. 31 close of $0.30. For
contest purposes you will show a 25% LOSS:(0.30-0.40)/0.40)= -25% vs. the
reality of a 100% gain from 15->30 cents.
In addition to the above rules, your stock selections must have traded during the
month prior to the start of the contest. i.e. during Sept'97 for the Q4 contest.
4.EVALUATION - Closing prices on Dec. 31 will be compared to Sept. 30
closing prices to determine percentage gain for all selected stocks. Each of your five
stocks receives an equal weighting. The average of your five selections' percentage
gains(losses) for the quarter determines your standings. Please note:
If a stock has a name change or change in structure (i.e. split, roll-back) the Sept.
30 price will be amended to reflect the new name, structure, etc. Please contact the
Contest Administrator with info on any contest stock changes.
In the case of stocks which are halted or otherwise do not trade on either Sept. 30
or Dec. 31 the most recent previous closing price shall be used for evaluation
purposes providing the stock has traded within the last 10 days.
In the case of stocks which are suspended or halted on Dec. 31 and have been for
more than 10 days, the stock's closing price for contest purposes will be
determined by the Contest Administrator. This price may be anywhere from zero
(0) to the highest closing price over the 3 months of the contest depending on the
nature of the halt. |
