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chcr

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chcr

Re: texasspeculator post# 23

Friday, 08/24/2007 12:12:05 PM

Friday, August 24, 2007 12:12:05 PM

Post# of 18778
texasspeculator, here is what I found on pinksheet about Addax:

ADXTF — Addax Petroleum Corp.

Primary Venue: Grey Market

Other OTC
Or otherwise known as the "Grey Market" is the trading of a security that is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Other OTC trades are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since Other OTC securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
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