Silicon Investor (SI) -- The First Internet Community

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 : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (2338)	1/5/2000 4:41:00 PM
From: Stew	Respond to of 2514

Mr. Boulay's response . . . . "Subject: Re: I s this what you intended to say? Date: Wed, 5 Jan 2000 14:24:13 -0700 From: "Richard Boulay" <boulay@canuck.com> To: "Stewart Murray" <smurray@videon.wave.ca> References: 1 There are two aspects to surveillance. The administrative stuff involving policy and staff, and then the computer system that delivers the information. At this point in time the CDNX, both Calgary and Vancouver offices are, and will continue to use, the old, stable VSE system. The Calgary office switched over to this system in September. My point was that from a surveillance point of view the adminstrators have less information than on the newer, disconnected ASE system which provided real time surveillance data. Using the CDNX (i.e. VSE system) they have to submit (overnight) batch requests on specific companies to break out detailed trading information at a level useful for forensic analysis. On the administrative side, companies can elect to operate under the old rules until February 28th or alternatively operate under the new CDNX rules. For example, you can apply for a private placement under either the old ASE or new CDNX rules until the end of February. From a surveillance viewpoint the ASE companies are being "surveilled" out of the Calgary offices until the end of February under the old ASE and current ASC (Alberta Securities Commission) rules. After that, I don't know because I have not bothered to ask. Its not really important that operators of public companies know about the surveillance stuff because is pretty well automatic and the different rules, old vs. new, are not materially different. I hope that clears up the imprecision in my earlier message Regards, Rick Boulay"