RE: RE: RE: RE: RE: RE: RE: RE: Major HoldersOne of the things I least like about the Canadian exchange is this "device" where a company can hide - apparently indefinitely - by saying it is halting trading. There is no excuse for this long of a delay without at least an acknowledgment that the company is concluding financing or some other legitimate reason.
The Bre-X scandal was supposed to have ended these outrageous practices by members of the exchange but they've created new ones to hide what they're doing from the owners [shareholders] of the company. I find it unfortunate as it makes me wonder if I can or should trust them. Apparently there is no requirement imposed upon them by the exchange for a company to make any announcement or a time limit for them to begin trading again. Small wonder why many no longer trust the stock markets any longer. This seems to be a market for insiders only - we just get to give them our money and stay silent. The exchange needs to impose time restrictions on these companies but they are a creature of the very members that they represent and not shareholders.