Westrend Natural Gas - I.D.E. Hot Stock Message Board

STOCKTALK

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.

Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Leigh McBain who wrote (1592)	8/17/1998 12:29:00 PM
From: Outlaw	Read Replies (1) of 2011

Leigh - the BCSC won't halt trading AFTER a news release. I mentioned in a post before that when a company is late in filing financials, they are given an arbitrary grace period before the stock is halted. Since WRN was legally delinquent for over a month, it seems the BCSC was pretty lenient with them. A stock CAN be halted prior to a news release, but this is done by the particular exchange, not a securities commission. This type of halt is done for a short period of time - ie. a company tells the exchange they're putting out a release later that day or the next day which is some sort of unexpected news - a big exploration find, profits / losses that are much different than expected, etc. - that will have a major impact one way or the other on share price. Then once the news is out for a short period, a couple of hours maybe, the stock will begin trading again. In WRN's case, the stock won't start trading until all the regulatory filings have been completed. Also note that putting out a news release does NOT constitute all the regulatory requirements, so it's possible we could see a news release and it would still be some time before the halt is lifted.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next