JMAN
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Post by JMAN on Aug 20, 2004 8:57:59 GMT -5
TSX Suspends Azco Mining Inc. - Symbol: AZC via COMTEX August 20, 2004 TORONTO, Aug 20, 2004 (Canada NewsWire via COMTEX) -- The common shares of Azco Mining Inc. (Symbol: AZC) are suspended from trading effective immediately, for failure to meet the continued listing requirements of TSX. The cease trade order remains in effect. VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: www.newswire.ca/en/releases/orgDisplay.cgi?okey=69028 www.newswire.ca/en/releases/orgDisplay.cgi?okey=47066 www.newswire.ca/en/releases/orgDisplay.cgi?okey=89881 For further information: TSX Media Relations and Publicity, 1-888-873-8392, info(at)tsx.com News release via Canada NewsWire, Toronto 416-863-9350 Copyright (C) 2004 CNW, All rights reserved Print story Current Quote NSD: AZMN Natural Resources Last: 0.140 Change: -0.005 Volume: 10,000 Day High: 0.140 Day Low: 0.140 First Alert News Get real-time AZMN release alerts by entering your email address below. Send this press release to a friend. Email: Enter ticker symbols to sign up for First Alert News Service for other public companies. For companies trading on Canadian exchanges, use the following: CDNX: V.xxx TSE: T.xxx CDN: O.xxx ME: M.xxx (xxx=symbol) ©2004Stockgroup. Intraday data provided by ComStock Inc., a division of Interactive Data Corp. and subject to terms of use. News by COMTEX News Network and Market News Publishing Inc. Privacy Policy || Conflict of Interest || Terms & Conditions of Service
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Post by marygrace on Aug 20, 2004 10:06:28 GMT -5
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JMAN
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Post by JMAN on Aug 20, 2004 10:28:33 GMT -5
Sorry, hated to start the day that way. The sun will still come up. I sold my shares bought more cmkx, very entertaining. Hope to get my moneys worth out of it.
God only knows
Have a joyfull day
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Post by Admin on Aug 20, 2004 11:01:59 GMT -5
Relax! You guys are going to hurt yourself. Can anyone tell me how long it's been since AZMN traded on the TSX? I didn't think so. As previously explained, a change in accountants last year, is what caused the move from the OTC:BB to the Pink Sheets. The new accountant assured the company he was certified to comply with the new Sabanes-Oxley act. Since the SEC was dragging their heels deciding if he really was certified, rather than wait, the company obtained yet another accountant who was already approved. He completes his audit, but Price Waterhouse still has to sign off on the filing. What Price Waterhouse is actualy being required to do, is sign off that the work THEY did over a year ago, was indeed correct. Since AZMN is no longer a client of PW because of their exorbitant fees, guess why we keep getting stuck on the bottom of the pile. AZMN has been, and always will be, a fully reporting company. If you want to gripe, call Price Waterhouse. The books are in order. The filings will be made. Trading will then reume on the OTC:BB and the TSX. Again, you are reading old news. We have a member who has been posting for some time about his inability to buy shares on the TSX. I would have explained all this, but I thought you knew. Chill  CT |
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Post by paperwhite on Aug 20, 2004 11:10:47 GMT -5
This has been in the cards for some time. Shouldn't be a surprise to the investment community. Reason for suspended trading has to do with the requirements which we all know Azco currently doesn't have. Such as having a certain amount of money in the bank to push the properties forward. For a full explantion from the TSX, see this link: www.tse-cdnx.com/en/pdf/TSXMiningRequirements.pdf |
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Post by marygrace on Aug 20, 2004 11:46:37 GMT -5
Oh, I'm not as upset as my post might have appeared!!! By now I'm used to not getting any news......and when it does come, it's negative. Just addin' a little spice!  |
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Post by Admin on Aug 20, 2004 13:20:29 GMT -5
jman, One of our international members just called and wanted me to thank you for freeing up those shares. We're all here for the same reason, I hope. That reason, is to make money, to build God's Kingdom. Whether it's CMKX, AZMN, or XYZ, the important thing is that we take what we have, offer it to God, let Him bless it and multiply it, so we can fulfill the mission he created us for. Amen? Blessings CT |
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JMAN
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Post by JMAN on Aug 20, 2004 14:24:19 GMT -5
just 800 shares like a drop of water in a 50 gallon bucket.
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Post by Admin on Aug 20, 2004 21:18:21 GMT -5
Just to make sure everyone is clear, today's news was not news. You can always determine REAL news by one factor, it's NEW! AZMN has not traded on the TSX since last November when trading was halted due to the delinquent financial filings which were explained in my previous post. As of today, trading was suspended. (halted - suspended, you say potato, i say............) Should AZMN choose to continue to trade on the TSX, they have until August 20th 2005 before official de-listing takes place. That's where they parade you out in front of the fort, remove your epaulets, rip the buttons from your coat, and snap your sword in half across their knee.  The TSX is a non-issue. In some respects it has become almost as bad as the Berlin exchange (imo), where buying stocks is akin to doing your Christmas shopping out of the trunk of a car. You don't know who the stuff really belongs to and the merch definitely doesn't come with a warranty. "Psssss, hey you, need a T.V.? How 'bout a nice fur coat for the little lady?" The filings are back to PW for the final sign-off. In other words they now have to swear, that what they said to the SEC, is really what they said to the SEC. Fun, huh? Once this wrinkle is ironed out, the OTC:BB is simply a stepping stone back to the AMEX from whence we came, but the way things are shaping up, it could be the NASDAQ this time. (imho) So, in a 3 point sermon, here it is. #1) Halt #2) Suspend #3) De-listing (a year away) Have a blessed week-end! CT |
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This was NOT what I wanted to hear today!
