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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Wizzer who wrote (208)1/21/1999 11:02:00 AM
From: Francis R. Biscan Jr.  Read Replies (1) | Respond to of 355
 
Hi Wizzer,

>>I believe one of the major reasons this stock traded down on the results released was that it was halted for 5 days...all that pent up pressure. Most companies should know that a long halt makes people panic and sell when the halt is lifted.<<

I agree.......They did not intend to halt it this long. From what I understand, management was greatly surprised that a "clarification NR" was necessary at all. They spent almost two days trying to write a Clarification NR that was acceptable to the exchange.

As an investor, whom this NR is supposed to protect, see no reason for it what so ever. There was nothing in the original NR that was corrected or misleading in my humble opinion and it only served to exacerbate the market situation.

Rich