Monday, August 12, 2013 3:18:22 PM
Surprised at the difficulty you experienced with Scottrade online, especially since those were the instructions they provide themselves for buying foreign Ordinary Shares on the OTC Grey Market:
See paragraph entitled, 'Trading ADRs and ORDs listed in the Grey Market'
Anyway, as you indicated, phoning your nearest Scottrade office should resolve things.
Re: Scancell and funding
Cash calls are a pretty rare occurrence when it comes to Scancell. They run a pretty 'tight ship' and cash burn is less than £2 million a year. The recent funding in July netted them £6.5 million; so that should last them a good 3 years. In the meantime they are expected to put the company up for sale. This could happen before the end of 2015. I say this because the principal directors have several million share options to cash in providing they sell the company by then.
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