RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:cinven firing on all cylinders True. Look at NHC/HLTH, 100% US company. The listing address is a lawyer address in Vancouver. Penny scam capital of the world.
The problem with Canadian exchanges is they let the bankster run them. IIROC is 100% brokerage "self regulated joke". They aren't there to protect the investment community. They are there to regulate brokers, themselves!
Canada does not have a national regulator, SEC North and I would HATE to be law enforcement around securities in Canada. I feel for those guys. They don't have a PRISM ike system like the NSA down south. If they did, SH would be shut down or, at very least, be used to track crooks instead of hiding them. In the early days, there were scammers using phones and cold calls to sell worthless mining stocks. Now, they use SH to do the same BS and somehow the regulator just produce stupid videos nobody watchs to say "don't trust anything you read on Internet chat sites". PUKE!
The "dark pools and HFT networks" are a huge issue gifted to us by the Conservatives who had no idea how to bring real competition to the exchanges and allows "the street" to self-regulate! Like leaving the wolves in charge of the hen house.
Most investors and traders have zero clues on these. I don't even think most street traders know how they work. I know the "reps" at discount brokerages are in the dark - zero skills in helping novice investors.
CDN exchanges are a complete shiitshow. They compete at the same level as the OTC in the US.
That's why the boys down south are on a "Shorting Canada" campaign. Here? They hit the jackpot! This think stinks from all levels!
rad10 wrote: TSX there is more shenanigans and dirty dealings on the TSX than south of the border. Why do you think several shady US based companies list preferentially on the TSX Not naming names but look at the American companies in the healthcare sector that have a dual listing. Regulation and enforcement is more lax here - its a fact. Go check out some Canadian small cap oil and gas listings............................ If you are confining your investments to Canadian companies - good luck!
TSX2016 wrote:
You are right. I'm new. But I work hard to find good companies. My return so far is pretty good
There are bad companies out there and I don't touch them.
However, I think you should know that they are a lot of Canadian turnaround stories as well. Air Canada, Maple Leaf, Bombardier, and so on. I think Valeant will probably be the next turnaround story. Canadian stock market is not as corrupted as American's. Canadian companies are not as corrupted as Amaricans'.
If Concordia turns out to be a valuable lesson, i'll be glad to get it. It's just money after all. My full-time job can afford me more than what I need. But I find a lot people on the forum are corrupted and my only job here is to encourage investors who saw this opportunity. Don't give up too early and Concordia will speak for us. Maybe Q3 maybe Q4, maybe an takeover. But don't give up. This our next Air Canada.