Sunday, June 24, 2018 11:36:13 AM
Hi Guys, I think I can give the all-clear on the clearstream issue to the weedstock community. I am german and just talked to my german broker. They said, stock positions which were bought at US/canadian exchanges will NOT be affected in any way because in these cases the deposit is in USA/Canada („Wertpapierrechnung Kanada/USA“).
Only positions acquired via German exchanges will have to be transferred from clearstream to another foreign deposit like CDS. My broker said they would do that automatically in the background, even if the customer doesn´t initiate anything by himself.
Until 28 Sept there is lots of time to do that. No german will have to sell his shares because of the clearstream issue.
Moreover, there is no way, german trading will affect the shar price of any weedstock as weedstock volumes on german exchanges in general are extremely low. For example, Canopy daily average volume is below 40k shares on the volume-strongest german exchange (tradegate).
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