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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Bishop who wrote (8995)7/9/1998 10:13:00 AM
From: the Chief  Read Replies (1) | Respond to of 34075
 
HI JIM. Good question. In a "free market" the objective is to allow free trading of stocks unrestricted until facts are known.

The SEC says, I think we have a problem, but I am not sure,(innocent until proven guilty) as a result I cannot STOP trading this stock on a suspicion. So, let it trade, it is a free market.

I think this is why the Canuck market took such flak from everyone when the "B" stock was allowed to trade during the time of Freeports DD and resultant 7 hole announcement.

Why it is relegated to your "merican" pink slip system from your BB I don't know. If anyone knows please "do tell" !

the Chief



To: Jim Bishop who wrote (8995)7/9/1998 9:23:00 PM
From: Arcane Lore  Read Replies (1) | Respond to of 34075
 
< sence the SEC let MINE trade again, isn't that the
same as a seal of approval? >

If not approval, then at least a pretty good sign.


Its neither a good sign nor a seal of approval from the SEC since they are powerless to extend the halt. They can institute a new halt based on new reasons, but companies wisely seldom give them that opportunity (see #reply-3813172 for more details).

Note: the second link concerning Struthers Industries in that post is no longer available and should be replaced with:

gsionline.com.