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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock
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To: Gene Veinotte who wrote (1687)10/29/1998 1:01:00 PM
From: Leigh McBain   of 2011
 
The Halt I am referring to is nothing more than a delay between the announcement of a deal and the passing of the deal by a shareholders vote. I am not referring to anything, in this instance, that would pertain to an investigation. The exchange indicated that if a transaction(s) of this magnitude and with this far reaching an impact, on the nature of the stock, were to be executed that they would likely request a halt while the deal(s) was/were finalized (shareholder and exchange approval), to minimize the speculative trading action and to limit anyones ability to sell into the hype of the deal even if it doesn't wind up coming about.

I hope this helps to clarify.

Salut,
Leigh McBain
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