VentriPoint Diagnostics Ltd V.VPT

Did we need a Halt for that?

[Theblessed1]

Seriously and minutes before market close 3:36 PM?

Just release the news post market.

I give Dr. Adams lots of credit for what he has done in past.
But
Sorry but this is amateurish.

[tineta]

That's called material change as regulation.

[Theblessed1]

material change has to do with disclosing the information, not halting a stock. So they could have disclosed after market close. I could be wrong

[beenthere]

For me it doesn't matter if you are right or wrong. The impact is GREATER by using a halt! Draws more attention! Simple as that! I hope it helps!

[Pandora]

So the greater impact of doing the halt to announce a financing at 12 cents below the high of the day is a good thing? I guess we will see the GREATER impact when we hit the trading tomorrow. Not sure how we will define GREATER though.

[freerider1985]

I'm curious if George will give us any further explanation, Or news with sales can make today's news more acceptable.

[Pandora]

Maybe time for our old friend Snuff to give us an opinion - he usually has a bit of an inside track before anyone else.

[freerider1985]

Yeah Snuff and Old doggie dog are quiet for quite some time common guys any toughts ? :-)   

[cleareye]

Halt makes no sense - so far. If there is no more news before we go back to normal trading status then I think this halt was a waste of time. The financing may make sense. If the company is going to ramp up production then they will need cash to bridge manufacturing costs to final payment from customers. A lot of companies miss this crucial point and their production is choked off - or they risk

[jopatclo]

This post has been removed in accordance with Community Policy

[Pandora]

I see VMC put out a $10M financing less than an hour after VPT and they did not use a halt. It was for a debenture and not common stock - if that makes a difference?