Mike, The questions are good ones. Impay is the symbol. It is an over the counter Bulletin Board stock listed under the symbol, Impay. The real company name is Implats, but, most know it by the old name I prefer, Impala. In fact, the Jo-Burg Stock Exchange listing in Barron's calls it Impala Platinum Holdings.
The bulletin boards are for stocks not a part of Nasdaq and which trade rarely. Most are small cos. Implats is not a small co. But it is South African without a sponsored ADR (American Depository Receipt) trading in the USA. It has an ADR, but it is not sponsored by a US bank or brokerage firm, so it trades once or twice a week here.
Implats is one of the more active stocks on the Johannesburg Exchange, if you have any connections with South African banks. I don't, so I trade the BB ADR.
BTW, you can get quotes and charts and news, such as it is, right here on the SI quotes under Impay. That being said, the last trade is listed as Sept. 18, so you may want to find another source. I get quotes from South Africa and translate them every now and then, but, as it is a long term strategic holding, I don't do it often.
MB |
