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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (96473)	11/19/2001 4:20:55 PM
From: vds4	Respond to of 150070

ya, i have hovered over the sell button... heck i have had the details of the order filled out on several occasions the past few weeks. by the time i am ready to commit, the pup runs past my limit order. if she is going to disobey my expectations...it a good way to do it.

To: Jim Bishop who wrote (96473)	11/19/2001 5:00:35 PM
From: Rocket Red	Respond to of 150070

Air Canada amendment passes third reading in Commons; heads to Senate Updated: Mon, Nov 19 4:51 PM EST OTTAWA (CP) - A bill lifting domestic ownership restrictions on Air Canada passed third reading Monday in the Commons and was headed to the Senate for final approval. The bid to help troubled Air Canada find more private investment passed without a recorded vote. The legislation would lift restrictions on the number of shares an individual or company could hold in the former Crown airline. Transport Minister David Collenette has said he hopes to encourage a private-sector solution to the carrier's financial woes, exacerbated by the economic fallout of the Sept. 11 terrorist attacks on the United States. The bill amends existing legislation to eliminate the current 15 per cent limit on a single domestic shareholder's stake in Air Canada. Alliance transport critic James Moore said Monday he expects the bill to become law within a couple of weeks. There are no plans to lift limits that now prevent foreign investors from holding more than 25 per cent of Air Canada shares. The domestic limit on Air Canada's ownership was legislated when the airline was privatized in the late 1980s to encourage broad ownership. That legal restriction, however, was used in the courts by Air Canada to fend off Onex Corp.'s hostile takeover bid for the company in 1999. Analysts have been skeptical that changing ownership limits will help Air Canada, which was in financial trouble before the terror attacks. The carrier never really recovered from its hard-fought takeover of rival Canadian Airlines two years ago. Since the terror attacks, the airline industry worldwide has been devastated, with some carriers - including Air Canada's rival, Canada 3000 - declaring bankruptcy and others seeking government bailouts. Right after the terror attacks Air Canada sought billions in aid from Ottawa. So far, it has received a share of $160 million in compensation the government set aside for all affected carriers.