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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino -- Ignore unavailable to you. Want to Upgrade?

To: Mephistopheles who wrote (1627)	9/16/1999 7:21:00 AM
From: Mephistopheles	Read Replies (1) \| Respond to of 2782

USA: How To Buy Cryptologic before NASDAQ By: mike_reid (ragingbull.com) Reply To: 2655 by upset264. Wednesday, 1 Sep 1999 at 8:24 PM EDT Post # of 2695 I'm by no means an expert in these areas but this is my understanding: The only "real" Cryptologic stock that exists trades under the symbol "CRY" on the TSE or Toronto Stock Exchange. The symbol CYPLF is an OTC symbol used as a proxy for CRY on the TSE. The shares are the same of course. CYPLF is traded by one or more MM's as an OTC stock, not as OTC BB. This is why quotes are hard to find. CYPLF is equivalent to a "pink sheet" symbol, but Crypto is not a "pink sheet" type of company of course. I'd love to know who the MM('s) are. Anyway I think they set the bid and ask they think is appropriate. I suspect they try to keep price in line with price on the TSE. If they run out of stock they go to the TSE to buy some, and if they have too much, they will sell on the TSE. In times of price volatility I suspect the CYPLF quotes will often differ from CRY.TSE quotes. This probably explains the price discrepancy. As CYPLF is OTC, phone calls may be needed to get a quote. Someone said that CYPLF had volume of only 3100 shares today. It may be that the recent CRY action is largely confined to the TSE, whether Canadians or Americans are trading. If you can't trade TSE stocks directly, and want best price on a limit order, it might be best to call the broker and specify a limit order in Canadian funds for a trade on the TSE. American brokers WILL charge higher commissions for this. Let them take care of currency exchange. Current exchange rates are about $0.67 US for each $1.00 Canadian: quote.yahoo.com^XCD&d=5d but you might have to pay $0.68 - $0.69 or so. If you're buying a smaller amount and are investing, not trading, buying with the symbol CYPLF may be best. Mike. ragingbull.com