Post by
AFGKhan on Dec 09, 2019 3:03pm
The Halt cannot be related to the Debt news
Here are some guidelines regarding a trading halt which i found under IIROC`s Trading Halts policy on their website. ''When a company requests a trading halt (usually prior to issuing a news release), the company must assure IIROC that its announcement is imminent. The nature of the announcement and the current status of events must also be disclosed to IIROC, so that IIROC can assess the need and timeframe for the trading halt.'' The key word here is IMMINENT. The Debenture news is not imminent as they have to vote on it. It might not even go through as far as we know.Therefore, it cannot be halted for that reason. Also, the following was mentionned ''A trading halt is normally very temporary typically lasting less than two hours. The actual length of the trading halt is determined by IIROC, taking into account the significance of the company's announcement and the time required to disseminate the announcement'' Even though we have exceeded the 2 hours, it should have resumed once the paperwork were available through SEDAR. Yet, we are still Halted. I highly doubt IIROC would keep it halted after the news came out, believing more time is required to ''disseminate the announcement''. It a pretty stupid announcement to begin it. Therefore, there has to be something more substantial behind this Halt. Check it out for yourselves https://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx#7
Comment by
Greede on Dec 09, 2019 3:08pm
Yes indeed, though I remain not terribly optimistic as to what it could be. At least we know they are still planning on attending the MJBiz Con.
Comment by
Billymcbiller on Dec 09, 2019 6:21pm
That's really great of you to dig up that info, much appreciated!
Comment by
Danorrn on Dec 09, 2019 7:12pm
Stonecastle cannabis growth fund (spartan fund) invests in companies like EAT and are currently halted on the nasdaq. https://vimeo.com/347378779