BankerStocks MJ Board

[Hardcopy007]

SPRWF: New Canadian MMJ Play! (Update)


For those of you who may have seen this ticker halted yesterday:

The SEC didn't halt it; the Canadian regulatory body for markets/securities did—IROC (Investment Industry Regulatory Organization of Canada)

Reason for halt: "Pending news" — released today; updated from yesterday's PR (private placement addition)
Evidence: http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=66607692&topic=SPRWF&symbology=null&cp=off&webmasterId=89753

Based on IIROC's policy, it's common for them to halt a stock for pending news—either upon company request, to prevent any market advantages, and/or to the review the authenticity of the content within the pending press release.

Evident by SPRWF resuming trading today, there's nothing awry with the company and they have satisfied IIROC's screening of today's updated press release.


Also...yesterday I contacted the T/A:

Computershare Trust Company of Canada Inc.
Transfer Agent
510 Burrard St.
3rd Floor
Vancouver, BC, V6C 3B9
604-661-9400

I spoke to an "Evelyn." She said she wasn't abreast on the current float amount, but confirmed that the issued and outstanding shares are 128,074,362 (for Supreme's ticker on the TSX - SL) – as listed here under Supreme Pharamceuticals' Investors Info: http://www.supremepharmaceuticals.com/index.php/investors/investors-info.

Feel free to contact them/her, to confirm it for yourself, if you'd like.


I also contacted the company directly to find out the share structure for SPRWF, today. When I receive a response, I will post that amount in a sticky on the SPRWF board.