Sorry this is off topic but the last off topic comment deserves the other side:
VSE:
Its slammed for accomodating the 1980's scamsters like Pezzim and a couple of others;
Then it gets slammed again by undeserved association to scams which happened on the TSE half a world away.
The exchange adds rules and enforcement, the remaining and upcoming scamsters leave and go the the OTC BB, and its then slammed for being too highly regulated.
In my opinion, its too bad, the world's largest venture capital market had to be destroyed, instead of improved, in order for the media to sell advertising. Its resulted in a loss of substantial insfrastructure and expertise.
Quote from Lou Paquette which I agree with:
"People tend to focus only on the negatives, and ignore the positives of the V.S.E. Even to this day it gets blamed for the Bre-X and YBM Magnet disasters, even though they were T.S.E. listings. Meanwhile there are many huge success stories. Biotechs QLT Quadra Logic, and Forbes Medi-Tech, (eventually Glimmer?) and then there were the long string of major mining discoveries prior to Bre-X most of which were Vancouver listed or based or both.
Lots of jobs will be lost to the city that loses the head office status. And over time, I imagine companies will migrate to the location of the exchange, and with them more jobs. The feeling out there is that Calgary has a more hospitable business climate, lower taxes, and therefore deserves the location. Yet another shameful legacy the B.C. NDP government is going to leave us with. A sad day for B.C. and Vancouver indeed."
IMOO |
