Hi Jack - CPOW is the only OTC stock I own. When I bought the shares back in Dec at the height of the pump - I couldn't buy the shares online in my Self Directed RSP Investment account which is with my bank - I had to call the broker to make the trade. The Canada and Revenue Agency do not allow one to hold unregulated shares (OTC-PK) in RSP accounts. I will some time soon have to transfer my CPOW shares to my questrade account unless I can get them approved.
Yesterday - I bought the shares online through Questrade without a problem once the compliance department removed the block.
CPOW would qualify for tax incentives for canadian investors if it was to list on a Canadian exchange.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.