Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (18759)	7/8/1999 10:39:00 PM
From: Mr. Forthright	Read Replies (1) of 62348

Message 10435647 Here's the problem with this 60 to 90 day business: it only happens in a perfect world. Canadian companies seeking a listing in the US are usually unfamiliar with US rules. Some of them are also active trader. Sometimes the management feels pressure to get listed in the US and to maintain MOMO and as a result they quote the rules, not reality. The rule: a 20F is effective 60 days after filing. The other rule: no US exchange (or BB) can allow the stock to be traded until all comments by the SEC have been adressed by the company. The reality: we do not live in a perfect world. The conclusion: find out the filing date and add 60 to 90 days if you live in a perfect world and more if you live in the real world. My advice: take what the Canadian companies seeking a listing in the US say with a grain of salt.

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