News Focus
News Focus
icon url

ajanisch

07/14/09 12:15 AM

#56176 RE: ajanisch #56174

Sorry, Jim just catching up here. I just read your update from post 56144:

the cork...."Don't most of the TSX miners have Pink Sheets/OTC equivalent tickers that can be easily traded?"

jim6103...."Yes, that is correct. There is no problem whatsoever with a dual listing. People getting upset for no reason. It's all good!...Jim"
icon url

jim6103

07/14/09 9:51 AM

#56303 RE: ajanisch #56174

ajanisch..."Jim, How does the PPS work with a dual listing?"

The only difference in the price of the stock is that the Canadian exchange will quote the stock in Canadian dollars. The conversion should be approximately equal to the price quoted on the pinks. Should there be a difference in price, investors quickly take advantage of the disparity by buying the lower priced stock and selling the higher. This is called "arbitrage" and the process keeps the two quotes in line with one another.....Good investing...Jim