Tuesday, April 08, 2014 4:51:49 PM
I have seen slimy small oil companies with no funds announce their Hail Mary drill shot was a dud or they had gone insolvent (basically secretly) on sedar but not in a NR, so that is a good time to sell along with the insiders who are taking the secret way out. The key is they had to announce it publicly somewhere, so they did it on sedar where people don't check every day rather than a Canadian news service like Marketwire or CNW where I get an instant email of the nr when those services deliver a nr. I have seen biotechs drop a product that failed the experiments but not announce it anywhere but sedar too - Only slimy management will do that.
The Canadian news services offer this for free signup (and there isn't any junk mail etc because that isn't their game) because the more people subscribing makes it like a newspaper when their subscription count goes up - more attractive to someone paying for their news to be distributed. That is where CNW makes their money so you should be signed up there free for any Canadian companies you follow. The US newswires don't offer anything like that and won't even answer your email when you inquire.
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