PRZCF trades on the Grey Market (Grey Sheet Stocks). It last traded 7,000 shares on 05/22/12. The current Bid/Ask is .107/.133 Grey Sheet stocks are similar to Pink Sheet stocks in that there is no physical trading center, such as with the New York Stock Exchange. Instead the stocks are just traded electronically. The bid and ask prices on Pink Sheet stocks from the various brokers are centrally collected and displayed by the OTC Pink® Sheet company. The Grey Market stocks do not have a central exchange or interdealer quote system. But individual dealers, like Scottrade, will have a bid and ask price available. Grey Sheet stocks are more thinly traded than Pink sheet stocks, and have even less reporting requirements than Pink Sheet stocks, and so may seem to be more questionable stocks to trade, but the Grey market serves a very valuable function. Shares of stocks on different national exchanges, such as the Canadian Vancouver exchange, will not be traded by many brokerages, such as many of the ones in the United states, but many of these Canadian companies also have shares listed on the Grey Sheet. As an example, Greenlight Resources (now Great Atlantic Resources) is traded on the Vancouver exchange as V.GR. Previously Scottrade in America used to trade Canadian stocks, but they had to go through a Canadian broker and had to charge their customers $29 extra because of this. Because of this, Scottrade will no longer buy or sell Canadian stocks, but they will trade their Grey Sheet stocks, such as PRZCF for Greenlight Resources. Also, shares of stocks on the Grey Market are available for trading on most of the world markets and so this also increases their availability. Excellent companies have their stocks traded on the Grey Sheets, and so having a stock listed on the Grey Sheets does not mean it is a stock to be avoided, it just means you have to do your homework before you buy the stock. I did and I ended up buying PRZCF and I feel that I will be amply rewarded.
OTCQB® - The Venture Marketplace
OTCQB is the venture marketplace for companies that are current in their reporting with a U.S. regulator. There are no financial or qualitative standards to be in this tier.
OTC Pink® (Pink Sheet Stocks) Current Information
Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group Guidelines for Providing Adequate Current Information (pdf) are designated as OTC Pink Current Information.
Grey Market
There are no market makers in this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks 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 grey market 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.
Greenlight Resources
The company is confining itself to one area of the world where they know that the government is stable and pro-mining, but they are spreading out their risks by not restricting themselves to only one type of metal.
Two graphite deposits, two antimony and gold deposits, tungston and gold deposit, silver & base metal deposit, and a manganese deposit. Risks are spread out and joint venture partners will develop the deposits, while at the same time agreeing to let the company share in the money flow. This will aslo reduce the risk, and minimize the financial burden on the company and so allow it to find and develop further acquisitions.
Greenlight Changes Name to “Great Atlantic Resources Corp.”
Posted on June 19, 2012 by greenlight-office
Greenlight Changes Name to “Great Atlantic Resources Corp.
VANCOUVER, British Columbia – June 19, 2012 – GREENLIGHT RESOURCES INC. traded on the Toronto Stock Exchange, Vancouver (V.GR) is pleased to announce that effective at the opening on June 19, it has changed its name to Great Atlantic Resources Corp.
Building the company is a project generator and working in the number one mining region of the world with a successful A-team of explorers, we are pursuing some of the most sought after critical commodities such as Antimony, Tungsten and Gold. The Name change to “Great Atlantic Resources” clearly defines the stature of resources being pursued and the specific region in which they are being explored. The symbol will stay V.GR.
States, President “Christopher R. Anderson”
A project generation model is defined as an exploration company that uses its internal geological expertise to find and develop mineral assets in order to attract other parties to continue funding the early stage higher risk development of those assets, while the generator maintains a significant vested interest. Hence spreading the risk and increasing the opportunities for a discovery by the Generator. Great Atlantic Resources has within its first year completed two such Joint Ventures and is currently preparing more mineral assets for further Joint Venture opportunities.
About Great Atlantic Resources:
Great Atlantic resources, is focused on exploring Atlantic Canada, which is a sovereign risk free, resource rich domain (New Brunswick was recently announced as the #1 region in the world to do mining by the Fraser Institute in March of 2012). Great Atlantic is sourcing, and advancing several projects under a project generation model, addressing a wide range of specialty and traditional commodities such as, Antimony, Tungsten, Graphite, Base and Precious Metals.
On Behalf of the board of directors
“Chris Anderson”
Christopher R Anderson,
CEO – President
