IIROC Trading Halt – TPN
05 Jun 2012 - ACQUIREMEDIA
VANCOUVER, June 5, 2012/ CNW/- The following issues have been halted by IIROC:. Reason: Pending Review of Proposed Acquisition Halt Time: 7:53. The Investment Industry Regulatory Organization of Canada can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company.
Nothing new here. Taipan should be noodle flogged without mercy and then severely tomatoed.
I would imagine TPN management is using this halt to quickly expedite material disclosure. Of what that might be, I have no idea.
In 25 years of trading, I've never seen a company go to zero... not even Bre-X after SNC Lavalin's press release stating Busang 'had ZERO gold'.
And so, as much as I don't like this, I have no worries that we'll be up and trading before the weeks over.
Just my humble opinion.
r.