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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: hank2010 who wrote (1227)6/23/2000 1:56:00 PM
From: russet  Read Replies (2) | Respond to of 1321
 
<<<Why should the public be punished further if this is the case. >>>

The problem we both have is we are sitting on the sidelines and don't have all the information to judge if the public is being punished or being properly protected. If the company had satisfied all the requirements the CDNX insists on, the company would be trading now. Some things can be done quickly, others can take months,...and people are involved so delays are to be expected for all the things that make people inefficient, like holidays, personal problems, time to travel to sites, lose ends that get overlooked, family crises etc.

We are currently seeing one side of the problem, delays in re-installation of trading,...but the flip side is called "a Bre-X type incident" which was caused by a failure of the exchange and analysts recommending the company, insuring that the company was publishing truthful data. Damned if you do, and damned if you don't,...someone will always bitch about something. The pendulum swings back and forth in all aspects of life,...in this case it swings between over and under enforcement of the rules, regulations and standard industry practices. The enforcers have a lot of egg on their faces, and are perhaps overly sensitive to enforcing such things at the moment. But put yourself in their shoes and realize if you don't enforce the rules, and your boss finds out, you are out of a job. A lot of people are watching too.

Lament of a CDNX enforcement officer

Geepers, creepers,
Where did you get those peepers?
They got shoved up my arse by my boss at CDN-X
After I got back from Indonesia and BRE-X

(gggggggggggggggggggggggggggggggggggggg)