Whoa, not so fast there Wile! To get a real NASDAQ listing certain listing requirements must be met relating to assets, share price, liquidity, etc. So you have to "earn" your listing by being a successful and/or substantial business. If share price is under $5.00 you go on the NASDAQ small cap board, over $5.00 you get to swim with the big guys. The benefit of a NASDAQ listing is accessibility to the huge US stock buying public, most of whom wouldn't touch Canadians (stocks, that is) with the proverbial 10' pole. Also, you don't have to worry about currency exchange.
Any ol' stock can be traded on the pink sheets (OTC bulletin board). Don't know how that works, but someone gives the company a trading symbol and off you go, with no listing requirements that I know of. Indo-Pacific, for example, was de-listed by the Vancouver Exchange and immediately began trading on the OTC BB. Their share price also tanked after that!
As for what's best for CAB, I think as long as their business grows it really doesn't matter. Can't complain about a double even if it's in Canadian funds!
Hope this helps. Others, please correct me if I'm wrong. |
