RE:RE:RE:RE:RE:RE:RE:WOWAll halts are by the regulator, but usually at the issuer's request. There is discussion that occurs between them and issuers all the time to determine if action is required. Here a press release was all that was needed, since there was neither a circuit breaking price movement nor material news requiring a halt.
fdfd12 wrote: My understanding is that they IIROC halts.
Doesn't mean I am right, but that is the what I have seen all the time.
Takeactionnow wrote: When circuit breakers get tripped a stock is halted. On pending news (during market hours), at the request of the issuer, a stock is halted. Regulators can halt at any time if they choose. When market activity is unusual they call the issuer to discuss. Often nothing happens. Here, they asked for the press release.
fdfd12 wrote: Yes but respectfully, I disagree. When the price goes crazy, then it gets halted (not because of circuit breaker) the IIROC tells the company to release a statement. I have seen it happen many times.
On this one though I thought (not sure) Peter said because of investors calling him is why
he is making this NR.
Takeactionnow wrote: They call the issuer and ask if there is anything that they are aware of (explaining the trading). A clarifying news release is then released, which clever CEOs use to convey a positive message. Halts don't occur unless news that will impact the market is to be released during market hours.
fdfd12 wrote: You Sure takeaction.
Usually they halt a stock if regulators ask
Takeactionnow wrote: Not necessarily. The regulators asked for it this time.
fdfd12 wrote:
What a timely annoucnment.
Does this mean that any time we have a sell-off, he will come
in with a NR and help the stock?