TSXV:RBI.H - Post by User
Comment by
Odelayon Apr 24, 2018 11:00am
121 Views
Post# 27931983
RE:RE:I wonder when this will resume trading
RE:RE:I wonder when this will resume trading We can all only speculate, but here are my 2 cents: A "not aware of any material change" message would have come without the need for the halt. My understanding is that companies do this proactively, because they are always under genuine pressure to stay within the regulations. Sometimes they know there must have been a leak on good news, but the "not aware" releases are a way to say to the exchanges that "it didn't come from us".
I speculate that yesterday the % volume switch was tripped with the exchange, and when the company was contacted they confirmed that there is positive news, which explains the lack of a "not aware of a change" message. But, that would also mean that there must have been a substantial leak. Don't forget, you can't invent buyers for 9 million shares. If this was some kind of scam sell off, they still needed people to pay 80% over the average share price.
So, I think good news is coming, and that the company is working out with the exchange how to explain what happened, and probably is scrambling to prove that they are not responsilbe for the leak.