IIROC 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. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
The number of shares sold days prior to the news release clearly shows the market system is a joke. Poor "uniformed" folks who recently bought over $.45 this week clearly got screwed by the system.
We'll get screwed again when SGR gets taken over at whatever price, the DB holders will immediately convert to equity and share any gain with the exhausted long bag holders like many of us.
Great job Hugh, Dale and the rest of the Board. Case you didn't notice, you all just fukked yourselves at the same time. You should have said screw you to CIBC (just like last time Dale) and hunkered down by mining 80,000 oz/ yr while cutting some exploration and other discretionary spending. No Connac and cigars for you guys after the next AGM, see you there !