Scancell Holdings PLC. (SCNLF)

[Gift_Horse]

HOW TO BUY SCANCELL (SCNLF) THROUGH SCOTTRADE


Trading ADRs and ORDs in overseas stocks listed in the Grey Market wih Scottrade

Available ADRs and ORDs can be traded the same way as U.S.-listed stocks on the Scottrade Trading Site.

The primary difference between trading ADRs and ORDs listed on the Grey Market and trading other stocks is that they do not provide an inside bid/offer so only limit orders are allowed. These can be broker assisted or executed online.

Online:
When buying SCNLF you will need a realistic limit price per share to enter in the Limit Price field (see below). This can be obtained by finding the ask price in London and using the Pound / Dollar exchange rate to find the dollar equivalent. You should then add a few cents to allow for subsequent price movements and a working limit price. Your order will then be executed at the best possible price below your specified limit. Today $0.64 would be a reasonable limit price to buy SCNLF.


Placing an online limit order for overseas stocks (such as Scancell) listed in the grey market with Scottrade



1. Click on the Trade tab to begin.

2. Using the Buy/Sell drop-down menu, select Buy.

3. Next, enter the number of shares you want to buy and symbol (SCNLF).

4. From the Order Type drop-down menu, select Limit. As soon as you select Limit, the Limit Price field will automatically display. Enter the upper limit you are prepared to pay 'per share' in the Limit Price field. Then select Good Until Cancelled in the Duration drop down menu.

5. You are now ready to click the Review Order button and place your trade.


By Cell Phone:



Broker Assisted:
Alternatively you can contact your nearest Scottrade office and place your order for Scancell (SCNLF) in person. Again you will need your limit order price ready (e.g., $0.64). Use this link to locate your nearest Scottrade branch office:
Find the Nearest Scottrade Office