Raydan Suspended From Trading
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Posted: Tuesday Sep 13 2:31:36PM 2005
Doren - aside from the lateness of the filing and the subsequent halt, what are your thoughts on the numbers posted by Raydan? They seem to be showing good growth, and are optimistic for 2006 - were results in line with your expectations?
Posted: Monday Sep 12 2:19:55PM 2005
Yes - reporting standard for TSX-V listed companies is now 120 days. This was a major reason for the delay in reporting financials. I was also informed that Raydan changed legal firms and they were waiting for approval to release results. Hopefully management learns from their mistake so it does not happen again.
Posted: Monday Sep 12 12:44:21PM 2005
I believe rules have changed to 120 days. Thus the halt.
Posted: Friday Sep 9 5:53:05PM 2005
Raydan Manufacturing suspended by the ASC
2005-09-09 17:15 ET - Cease Trade/Suspend Company
The Alberta Securities Commission has issued an interim cease trade order effective for 15 days against Raydan Manufacturing Inc. The interim cease trade order was issued as a result of failure to file certain required financial information.