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Gold/Mining/Energy : Direct Focus Inc. (DFXI)
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To: whenitgoesup who wrote (459)5/4/1999 2:53:00 PM
From: Gordo  Read Replies (1) of 768
 
While I support the move to NASDAQ, I'm thoroughly unconvinced that delisting from the TSE is a good thing. This stock is held by a good number of Canadian mutual funds as well as individual investors like myself who hold it in their RRSP. Although it technically does not qualify as Canadian content, my broker doesn't check and thus I exceed the 20% foreign limit. With the delisting from Toronto, it is FORCING me to sell some of my position to comply with foreign content guidelines in my RRSP.

THERE IS NO REASON FOR DELISTING FROM THE TSE, OTHER THAN AN ARROGANT AND CAVALIER ATTITUDE ON THE PART OF THE UNDERWRITER. I AM THOROUGHLY UNIMPRESSED BY THIS MOVE, AND BY THE LACK OF COMMUNICATION FROM THE COMPANY. DESPITE REPEATED ATTEMPTS, I HAVE BEEN UNABLE TO SPEAK WITH ANYONE AT THE COMPANY FOR SEVERAL MONTHS, AND I HAVE TALKED TO SEVERAL OTHER PARTIES WHO HAVE EXPERIENCED THE SAME THING.
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