ASC and IIROC getting suspiciousHi all, not to worry I am not talking about AZG but about the fact that with all the hype with gold in the various colors comes more pressure on the Exchange boards to ensure that companies are respecting their engagements and comply with regulations. I have been reading a couple of blogs today and found several articles that confirm that the Exchange boards have to be more vigilant.
Look at these two interesting ones:
1
The recent spike in the price on EAS directly relates to insiders hyping their own shares the dumping over 1 million on the market, right after buying before the news to spike interest. I once thought this might be a good play but if you merely scratch the surface you don't see the whole picture. There are rumors of hype spreading from insiders to the coffin brothers. I wonder if the next news will relate to the gold dust they saw on their boots at the drill site, just like Walsh said of his Bre-X claim.
I think this will crash like a ton of bricks once they announce they are being investigated for overstating their results. You can bet the ball is already rolling by investigators looking at how this all unfolded.Look at the list of trading and the buy right before the dump. Why would someone buy a huge amount of shares only to dump them. Disbrow dumps 860,000 shares then buys over 600,000 back for the same price 2 days later. Wow hes pretty smart, volume otherwise flat, suddenly hit by a spike of buying. You may wake to find this stock has been halted pending a further investigation.
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=94249
2
Lots of companies are being reviewed to see if they meet the requirements to continue to trade. You read about it everyday and most just bail their shares and go onto the next investment.
Some of these companies are operating and even growing, yet they have missed some elements key to keeping their status active on the exchange.
One company I have been tracking and involved with is AIQ. They have had a cease trade order extended a couple of times and now may get on sub-listing level.
The amazing thing is no one is selling their shares, very limited trades ahead of the cease trade.
The company released its financials this week and they have some much business they are behind $34,000,000 in orders. New contracts are coming in all the time. The Canadian Government has committed to long term contracts.
So now I have to ask why it has slid to only 2 cents a share. No one dumped their shares to push it down. It has just dried up ahead of the exchange shutting them down. I would have expected millions on the block for sale.
Someone wants to buy millions around 1.5 cents but no takers. So either everyone wants to hold 10's of millions worth of paper or this company will survive. I believe this company will survive for years to come. I don't care what exchange thet are on. One of the rumours as to why no one has been scared into selling their shares is because a buy-out is coming very soon and no one wants to leave before getting a good pay day.
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=94387
Just thought that it was interesting since we are under a review of some sort and sincerely hope this will not turn into a cease trade.
Go AZG, come out of it already...
Alucky_one