i'd watch this one today, it's reached a new 52 week low.. haven't noticed any promising resistance (not trusting the ticker
) so it might drop again. the news:
Dhanoa Minerals Ltd. (OTCBB: DHNA) announced that beginning August 30, 2007, trading in the Company's common stock will occur in the Pink Sheets over-the-counter market. Dhanoa was delayed in filing its Form 10-QSB quarterly report for the period ended June 30, 2007 due to the Company's inability to timely receive accounting and other financial information from its newly acquired mining subsidiary in South America. Further, under direction of Dhanoa's new management team, the Company improved its accounting practices and internal controls. These stricter controls required additional measures on behalf of the Company's subsidiary and accounting professionals which unfortunately also contributed to the delay in filing the Company's 10-QSB. Pursuant to NASD rule 6530(e), any OTCBB issuer that is delinquent in its reporting obligations three times in a 24 month period is ineligible for continued quotation on the OTCBB for a period of one year.
"It took us an extra day to complete the 10-QSB to my satisfaction," said Mr. Lee Balak, President. "We regret that the filing was late, but the accuracy and completeness of our financial statements are important to us."
The move from the OTCBB to the Pink Sheets will not affect Dhanoa's trading symbol or the ability to trade the Company's common stock. The Company plans to reapply to be listed on the OTCBB in one year.
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed to acquire, explore, and develop natural resource properties. Activities include gold production and sales, further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
SOURCE: Dhanoa Minerals Ltd.
Dhanoa Minerals Ltd.
Lee Balak, 416-838-4348 or 416-742-6579
www.dhanoaminerals.com
or
Princeton Research, Inc.
Mike King, 702-650-3000
i can't see how it'll drop because they're late filing there quarterly report, hopefully the report isn't bad, and this can be a tramp play.
Dhanoa Minerals Ltd Com New ( Dhnae )
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