TSXV:CVI.P - Post by User
Comment by
Anewtraderon Nov 24, 2007 3:46pm
205 Views
Post# 13862367
RE: Banks play russian rulette
RE: Banks play russian ruletteLef,
Here is what Calvalley tell us in August, 23 2007 about commercial paper.
The Company has recently received numerous inquiries which are reflective of current market concerns relating to the heavy investment by some companies within the industry upon assetbacked
securities. In light of these inquiries, the Company would like to reiterate that, as reflected in Note 2(l) “Cash and Cash Equivalents” of the Company’s second quarter financial statements
released on August 14, 2007, Calvalley does not invest in any asset-backed securities. All cash balances at any time consist of bank deposits and bank-issued term deposits of thirty days or
less.
cheers