Hillsborough Resources (HLB)

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I don't know the details and haven't really spent a lot of time on Canadian securities. Used to totally avoid them as they had less regulation but they've established more credibility as has the otc bb here over the past decade. Pink sheets is trying, but until they get to full reporting of at least the capital structure and changes, it's hard to ascribe a lot of credibility there.

But - SEDAR - is like EDGAR here. It's where the filings are located electronically for us online investors. The exchange is .to. There are several exchanges with varying requirements, kind of like we have here NYSE, ASE, NASDAQ are all stock exchanges, where stock is "exchanged," with specialist or market maker acting as intermediary.

OTC BB and pink are not strict stock exchanges but really places where orders are placed by market makers. Similar but different and I'm being less than precise.

Best formal definitions can be found at the websites for each entity.

sedar.com - Canadian filings

Back to the pink sheet listing for Canadian companies. It's not the same type of listing. It's really for informational purposes and convenience in placing orders online. If you look at the pinksheets.com details, you'll find that they often list exceptions for foreign investments for that reason.

I've often bypassed the pink and called the broker and asked them to list directly with a market maker in Canada. The reason I did this was that the pink sheet listing that I did online was routed to a market maker in Canada that was not that active in the stock and I was not getting the fill.

The important thing to understand also with the pink listing is that you shouldn't buy or sell based on the pink sheet quote. The volume and the price are not necessarily accurate. You take the Canadian quote and convert to dollars. Enter your bid or offer accordingly. There is also a small markup or markdown that the broker in Canada gets but I haven't found that to be a major problem.

Again, I apologize for being less than precise. I've got more notes on this stuff but I don't do it a lot so for details, best to look at Canadian trading sites.

stockhouse.com has probably the best message boards for Canadian stocks.