CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

Trading halted

[BayWall]

Stocks are sometimes halted for the public to digest significant news and to have an orderly trading of shares, based on fact, not speculation.

 

I'm only familar with mining stocks, where the stock is halted for a major drill intersection and the sort. Often the stock moves up when trading resumes. I don't think stocks are halted for rollbacks.

 

Maybe in Fuutra's case, for the elimination of debt and the rollback the lenders wanted. It would eliminate nearly $1,000,000 in interest expense each year, plus eliminate the need to pay back the debt.

[scanner18]

the likely cause is they no longer meet listing requirements imho

[twebca]

scanner, that is definitely incorrect regarding listing requirements. Shows how new you are at investing or lazy. The halt is pending company news at the request of the company. IROC would be the halter if it were listing requirements.   I'm not saying the news is good or bad, but it really can't get much worse.  0 is the next step, so there is alot more upside than down.  

[scanner18]

i think you may want to re-read the release word for wrd

[twebca]

Yes. I read it. Not an IROC halt     Futura Loyalty halted at open 2012-10-16 05:44 PT - Halt Trading   The Futura Loyalty Group Inc. has been halted at the open on Oct. 16, 2012, at the request of the company, pending an announcement.