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Re: None

Wednesday, 11/21/2012 10:09:29 AM

Wednesday, November 21, 2012 10:09:29 AM

Post# of 2531
About the trading halt. . . Does this mean something is wrong with the company?

I found this answer on the IIROC website. . . No. A halt in trading does not reflect upon the reputation or management of a company nor upon the quality of its securities. In fact, most trading halts are usually made at the request of the listed company involved.

A stock is generally halted pending the release of material news that may affect the price of a stock. A trading halt allows the market to digest this information and also creates a level playing field among investors. Halts are issued by IIROC for regulatory reasons or at the request of the involved company. When a company requests a trading halt (usually prior to issuing a news release), the company must assure IIROC that its announcement is imminent. The nature of the announcement and the current status of events must also be disclosed to IIROC, so that IIROC can assess the need and timeframe for the trading halt. Halts can also be issued to restore fair and orderly trading.

Hopefully this is good news!

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