GREY:BITKF - Post by User
Post by
Tigers21on Jan 30, 2006 10:28am
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soheer, jonath
soheer, jonathI just did a "test" run and yes you can sell, just type in biohf and US and your bio shares will trade and sell on the otcbb. Also if you look at your holdings if you bought on the otcbb and the tsx.v you will only see one listing and that would be for shares in biotech holdings...so per the other poster, you can liquidate. Also you can liquidate if you have then in your rrsp, you just can not purchase from the otcbb. In due course I have no doubt the smog as such will clear, but in the interim you do have an escape route. And remember that a suspension IF it comes to that is not the same as a delisting. Just as a halt is not the same as a suspension. Unfortunately otcbb will not take a stop loss order,,which IMO would be the best solution.
There are some positives and there are some negatives, so the determining factor would be your risk level. And even there, do you want to be all out, or just lighten up, or are you a real risk taker and using the moment to load up. That is your call. But you can get out, even with the halt. I am not telling anyone that they should, but just that they can,,,similarly the tsx.v is saying they can suspend, but again will they? Your currency will automatically be converted over to the US and then later back into Canadian if you have been using Canadian money.