RE:Long Halt is NO GOOD - points to TSX Regulatorychoices999 wrote: Just like in SJL, where TSX asked company to halt stock and, wanted them to clarify and restate press releases, it does look like it will be the same here. Halt is too long for my taste.
The reason stock has soared is due to belief that company is going to be a billion dollar machine however, clarification may have to be done to stipulate only a few million in sales and no solid orders that give rise to this billion dollar.
I suspect stock will PLUNGE 50% on this news to 46 cents, settle at at about 38 cents low.
ON SJL they put halt on insiders being able to sell, may do the same here if there is need to clarify and restate prior press releases.
Normal bullish news is released quickly while long halts point to difficultes, involvement of lawyers and TSX regulatory review.
This is what I suspect is happening. I could be wrong but In SJL I had a similar instinct and it turned out true.
Also link with author is surely being checked too,
My personal opinion,
So so so so stupid and WRONG!! This in NOTHING like SJL. SJL released news that was misleading and sent the stock price up. DYA has not released anything before the AGM when the price was climbing. The TSX requested the HALT on SJL. DYA requested their own halt. SJL had to retract and change their initial News Release. DYA is taking their time and getting all their ducks in a row before putting out news.
The only comparison you can make is:
SJL management = Stupid
DYA management = Smart