>>I just called my brokerage firm and JAWW is trading, but the symbol isn't showing up in their computer system yet....I was told it would take a day or so. So, meanwhile, I guess if I want quotes, I'll have to call my brokerage firm directly.<<
This MAY have an important significance, and then again it may not, it is a legal question I put to my broker, and he was unable, and unwilling, (understandably so), to answer. Where are the lawyers when you need them??
The current status, is that it is a Canadian company with a new symbol, market makers have access to this stock through Canadian brokers, market makers are making a market and traded over the counter as a "bulletin board" stock, as such it must meet certain SEC requirements, (of which I am not fully familiar with in the detail).
Now, if they wanted to be a "listed" NASDAQ stock there will be other requirements to meet.
Where it becomes interesting is:
How those requirements will affect their status as a "foreign company" not subject to US regulations in regards to U.S. restrictions on the exportation of strong encryption? A = I do not know.
Next, If it is in Canada, They are NOT really "exporting" anything out of the US, therefore, "no worries mate".
However, what would stop possible competitors to registering a Canadian company, that would execute their distribution out of Canada, hence skirting the US restrictions?
I guess the ever present wisdom of our bureaucrats would come up with some additional "provitions" to protect us from harming our own selves and declare, (for the purposes of encryption distribution only), that Canada will be considered part of the U.S. territory.
Then may be JAWW should consider Mexico.... The bureaucrats would be less aggressive in this instance because if they make a similar declaration covering Mexican territory, the Mexican government is liable to hand, to the US, the keys to the country and say, "here, you can have the lot, just send me a rent check every month"...
Then again, after all this, Jaww may decide to register as an "ADR", really putting the regulators "up the creek", after having acquired an entire country for attempting to regulate encryption distribution....
Just a thought.
>>P.S. Hey, xyz....are you SURE you're not a communist? Hahahahaha!
<Wink,wink><<
The quote below may clarify any possible doubts that I myself did not clarify:
"The trouble with Communism is the Communists, just as the trouble with Christianity is the Christians".
- Henry Louis Mencken (1880-1956)
U. S. Editor and Critic. |
