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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: Harry_Behemoth who wrote (1192)8/23/1998 8:44:00 AM
From: Mr Metals  Read Replies (1) | Respond to of 5908
 
DD by S. Smith and others indicates this is probably the real thing.

Another MAJOR red flag. Good luck though:-)

Mr Metals



To: Harry_Behemoth who wrote (1192)8/23/1998 8:46:00 AM
From: Mr Metals  Respond to of 5908
 
Let's stick with the FACTS about IDCN, OK?

What facts?

Mr Metals



To: Harry_Behemoth who wrote (1192)8/23/1998 8:57:00 AM
From: Mr Metals  Read Replies (2) | Respond to of 5908
 
To bad the NASD doesn't have rules like these. If they did IDCN and a huge host of others would NOT exist.

Globe says standards tightened for junior miners
Ontario Securities Commission ONSEC
Shares issued 0 1899-12-30 close $0
Friday Aug 21 1998
See Toronto Stock Exchange (TSE) In the News
The Globe and Mail reports in its Friday, August 21, 1998 edition that the Toronto Stock Exchange has introduced rules that promise more scrutiny for junior mining companies. The Globe's Mark MacKinnon writes this is the first tangible fallout from the TSE following the Bre-X scandal of last year. The changes include bolstered capital requirements; companies must have $4-million worth of shares, up from $2-million. Further, sponsors now will be responsible for reviewing press releases, financial statements, property agreements, and the applicant's 18-month projection of fund sources and uses. Sponsors also must examine and comment on the applicable qualities of the company's management team. Sponsors, which are almost always brokerages, also must be publicly disclosed when companies apply to list on the exchange. The result of the changes indicate a shift of onus to sponsors to show why the stock should be listed, and if the information provided later proves suspect, they could face sanction from the TSE.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

Mr Metals