1. unfortunately whenever you purchase a u.s. listed stock you pay u.s. price, as far as i know they do not discount any issues because you are canadien or from mexico, or russia, or....
2. if you understand adr's, then you would understand the process of what occurs for stocks listed on multiple exchanges. many companies do this, the price fluctuates slightly, but no real discounts. you should do some research on companies that list say in germany and the u.s., get a converter for the currency rate, and you will see there is no discount.
3. then again 100 shares of ebay is equal to 1000 shares of qxlc, so one can argue ebay is very expensive. although, i will admit i do not understand your point. the relevance of "expensive" is relative.
4. what was issued is 5.6 million adr's = 28 million shares. hence each adr represents 5 shares. hence a one share represents about $3.25/us. the u.s. offering is only
5. it will also be trading in the uk also shortly. and if you read the some of the articles i posted you know how over subscribed it is in england, and if it moves up sharply in england, it will move up sharply on the nasdaq to represent that value. engalnd has strange rules, and normal investors can not buy and sell qxl until the 14th.
6. i have heard nothing of the website having problems in any of the press, maybe you can quote something? there certainly may have been problems, if you understand technology you would know ebay and onsl have experienced problems. so have many on-line brokers, even some ecn's recently had problems. cisco routers have caused at&t network outages. technology breaks sometimes.
7. nasdaq volume is low, but something says the 14th, when normal investors in england may also trade the stock, things will happen. thursday will start the real trading in england, where the price of the stock will be determined.
8. keep in mind the offering is 8x over subscribed in england, and examining their site, they clearly have many buyers and sellers of not just person to person, but vactations, cars, tickets, ... and even affiliate programs.
clearly the stock represents risks, but their expansion into italy, france, germany and england currently, with future expansion into spain, for example, you are dealing with a very dynamic and fast growing company that has impressive venture backing if you examine that.
good luck |
