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Gold/Mining/Energy : Palmer Resources Ltd. (PMD.V) -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (174)	11/7/1998 11:08:00 PM
From: yosi s	Read Replies (2) \| Respond to of 210

But before you had 2 companies and now there is one. can you explain this implication of a swap on listing.

To: The Barracuda™ who wrote (174)	11/8/1998 12:24:00 PM
From: Joe Bilich	Read Replies (1) \| Respond to of 210

I think you have it wrong, Robert. If there is a merger, one entity ceases to exist--regardless of the method of payment. Obviously it would no longer be traded anywhere. The surviving entity could retain the listing it chose (assuming it met requirements for that listing, which it presumably would) or both (which is not needed but might be done if one of the prior entities had a large consituency unique to that market. At least as a transitional courtesy to brokers there that may have helped the company in the past). In fact the quickest and easiest way to get onto the Nasdaq or the NYSE is to buy a company already listed there. At another level, sometimes the quickest and easiest way for a company to go public is to acquire a listed but inactive shell company. In many respects, the listing of the acquired company can be considered an asset purchased by the acquirer as part of the sale. In many cases (i.e. the shell company mentioned above) that listing might be the ONLY asset that the acquirer really wants. So, my presumption is that if PMD were to acquire a company which has a US listing, it would have the option of trading under that listing (probably changing the symbol over to the name of the resulting survivor company) if it wished to.