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Message: Re: I like...
7
Apr 12, 2011 09:36AM

I like our chances a lot better also with this financing. However, the reaction has been 1 trade for 12,000 shares so far today, up a penny. I think that things would be different if we were listed on TSX.V. Bold went up almost 25% at one point today although on short volume and has retreated to up .005 on just 112,000 volume so far. I thought that this financing might be what we needed to get the share price moving.

I talked to the company a month ago and asked if they were pleased with being listed on the CNSX and whether any consideration was being given to the TSX.V. I was advised that it was much quicker to get listed on CNSX and they wanted to get the shares out there and trading and that is why they listed there. They are not allowed to say much in regard to TSX but it has been discussed.

One prerequisite of being listed on TSX.V is to provide audited year end financial statements. RNC's year end was Dec. 31. I do know that the company is in receipt of that documentation. Now, does that translate into a possible TSX.V listing? No, but I can hope because I don't particularly care for the way things are. For instance, did anyone try to purchase shares this morning? The data available is delayed 15 minutes and even your broker doesn't see anything more. So, how can you make an informed decision? There was no way to know what the market reaction was. Perhaps a TSX.V listing is what is needed to get more attention to this stock. Having said that, it doesn't appear that it helped Bold.

Sorry for grumbling, I just don't like trading on CNSX because of the delayed information and limited exposure.

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