Re: TRading halt
in response to
by
posted on
Jun 04, 2015 12:10PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
The halt is a "Cease Trade Order". According to the Ontario Securities Commission, a CTO is issued for the following reasons, none of which appear to be positive if I'm reading this correctly:
The OSC may issue a CTO against a company for a number of reasons including:
In addition, when the length of time required to conduct a hearing could be harmful to the public interest, the OSC can issue a temporary CTO until the hearing is concluded.