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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: Steelguy who wrote (24685)10/14/1999 11:33:00 PM
From: MrsNose  Read Replies (1) | Respond to of 26850
 
I'm confused too!! Here's what a friend who did some digging into it earlier tonight had to say, he then posted the same new release that I pulled, immediately afterwards.

>>found the explanation for QLTs drop today (which I'd missed earlier). The company (listed as QLTI on NDQ) traded on a "non-split" basis starting today to tomorrow. Meaning those who purchased the stock prior to the dividend expiry date will get 2 shares for 1, but those who purchased later won't<<



To: Steelguy who wrote (24685)10/15/1999 1:51:00 AM
From: .Trev  Read Replies (1) | Respond to of 26850
 
QLT trades on both Nasdaq and Toronto and the effective date for the split was different on the two exchanges. It's just hitting the good times in the US so the US trading is gradually having a bigger influence. A few days ago TVfor BC reported it on the news at 6 and didn't even know that it was a local Vancouver company. It used to be referred to by it's full name Quadra Logic.

At this time the approvals are in better shape for it's processes in the US and Europe than in Canada, and let's face it that is where the money is.

Brian don't feel bad about missing it. I figured I'd missed it when it went thro' $20 Can so didn't buy, and quit watching. Too soon old, Too late smart is a well known German proverb.