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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Outlaw who wrote (1594)	8/17/1998 3:08:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 2011

Outlaw, I am quite well aware of what the purpose of the 2 entities is (the VSE and the BCSC). As far as your assumption that the BCSC would not generate the Halt after a news release you are simply wrong. The BCSC executed the Cease-Trade which automatically triggers a halt by the VSE. The company announced that the financials were completed (for EOY) and that the Q1 financials were soon to be. It is highly probable that given the fact that the EOY numbers were done, but not filed or made available to the public, the BCSC took that as a sign that a cease-trade until the filings were complete, was an appropriate step. This helps to guard against insider knowledge being leaked and used inappropriately. At no point was I suggesting that this was similar to when a company (or the VSE itself) halts a stock due to news or news clarification. I concur completely with you that the BCSC had exhibited plenty of leniency with the company. As far as the lift is concerned, I have already indicated, in previous posts, that I am quite aware that completion of the financials and the lift of the cease-trade are NOT synonymous. The filing will have to be made, then still reviewed by the BCSC prior to the lift of the cease-trade. I do not know how long that will take but it won't be 1 hour. Salut, Leigh McBain