-Trading Halt-

The trading halt appears to have been contrived so as to be indefinite in the outcome, given the length of time since the default was tabled.

I suspect that the notice to a default was merely a pro forma function meant to initially acheive a trading halt, then to extend the halt indefinitely through the resignation of the board of dummy directors. So you're left with a spaghetti plate full of loopholes, and no answers.

But the auspicious time when this halt was undertaken came over the end of the fiscal year at the very end of April, which may be the reason ultimately, that whatever financial transaction may be in the background, the fiscal reporting requirement then carries over into the next fiscal year. This is probably the salient detail.

It's been one month since the trading halt was initiated, which is normally to do with the release of important news. Not to extend a trading halt indefinitely. You'd think that a notice to default was the purpose of the trading halt in the first place, unless there was no actual default. A notice to a default would have to be settled immediately, btw. Nothing has been heard from for a month.

Probably the trading halt will be dissolved or lifted by the exchange when they realize what has transpired, but I don't doubt that they are going to keep things in limbo, either.

How long the company thinks it appropriate to keep the trading halt in vigour is an open question. Keeping the trading halt indefinitely over a period of time would be a disaster. There are so many competing stories for interest in the sector, that people will simply tire or disbelieve whatever story emerges.

If the majority shareholders want to reap the benefit of profits, the simple fact is that the stock needs to trade in the open market. That means the company has to be up and running.

http://www.stockwatch.com/Quote/Detail.aspx?symbol=GBN&region=C

The stock traded today on an American exchange:

http://www.stockwatch.com/Quote/Detail.aspx?symbol=GBRIF&region=U

$US Monthly

What would happen if an incredibly bearish impulse in the dollar were to occur, and the gold price popped? The monthly chart is extraordinarily bearish:

http://schrts.co/aEh57F

-F6