Tuesday, April 24, 2018 9:02:17 AM
(1) The Canadian investors in the last convertible note issue are not, for the most part, retail investors;
(2) Canadian TFSAs cannot purchase OTC listed shares (unless of course they're also listed on a recognized exchange);
(3) Similarly, TFSAs would not have been able to purchase the convertible note (to the disappointment of many!)
Personally, I'm not sure I'd hang my hat on an army of tax-sheltered Canadian retail investors, on its own, being the impetus for the market to assign a dramatically increased value to EVIO.
On this I share Tarball's view, that sustained increasing cash flow is what will drive value for us. Sure, it won't hurt to have more eyes on it, and better liquidity... And maybe an audience of investors more familiar with the space.
One thing a Canadian listing should bring is better transparency on orders and trading... It's weird to me when I submit an order to the OTC market and it does not appear 'on screen' in the market depth, for example! The market makers' manipulation in the OTC market is legendary, and should be tempered dramatically with a CSE of TSX-V listing.
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