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Tuesday, September 04, 2007 10:27:12 AM
do you have any idea how many of CHDO's 170 million or so float shares are trading over on the German exchange's?
If a large percentage of the shares are over there it might help to explain why the daily turnover rate here on the OTC.BB,based on that 170 million number, is only about 1/2 of 1%. (most days it's been a good deal less than that)
Howard Ullman,CHDT Corp's chairman,said these shares were pirated and that the stock isn't supposed to be trading in Germany.
Do they pirate stocks to the German exchanges for the purpose of exploiting the difference in the bid and ask price between Berlin,Munich,Frankfurt,and the XETRA?
I seem to recall seeing that the size of the Ask and the Bid run into the millions of shares in the German markets but I couldn't find that info again at YahooFinance.
Are the price's shown in Euro's and not US dollars..so that a .0070 last trade would translate to .009 or thereabouts US?
Have noticed the spread is a great deal larger in Germany..more like some OTC pinksheet issues here.
Thanks for your time
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