Replies to post #20827 on ICBS Limited (ICBT)

[Sergiom]

even 14.95 looks expensive to me, since i pay 9.99 on TDA... and again, i´m a foreign investor...

[whatamessagain]

As a blanket explanation, but everything is pricier in Canada, even with the Canadian $'s strentgh recently. It was trading at $0.61 as little as 7-8 years ago and $0.75 or so just 4 years ago. It'a an amazing run, which is about the weakness of the US economy, not the strength of Canada's, IMO anyway. There are more regs here in general, about everything and more conservative bent to free-wheeling and "wild westism". That means that Canada will never be an engine of innovation, as the US has so oten been, but it also means that if global banks behaved more like Canadaian banks rather than mimicking their 'Cheap Fed Money Junkie' cousins in the US, the melthdown would have been better contained.

[Head Scratcher]

Regulations with U.S. Pinks and OTC are really tight, supposedly to protect us Canadians from U.S. Frauds.
I believe that your ability to use a U.S. firm for your trades would be related to your dual citizenship. I am sure I have read that it is illegal for us to do so.
What really sucks is that this all happens with no notice.
In previous discussion with Questrade earlier this morning, they made it clear that the company itself caused this to happen. So the question still is why? Does the comany expect a share sell-off? I wonder how many others are affected. A while ago somebody on this forum made some statement about mostly Canadians investing in ICBT. Obviously this cannot be the case.