Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Kelso Technologies Inc T.KLS

Alternate Symbol(s):  KIQSF

Kelso Technologies Inc. is a Canada-based diverse product engineering company. The Company specializes in the development, production and distribution of service equipment used in transportation applications. The Company is a developer and supplier of rail tank car equipment used in the handling and containment of hazardous and non-hazardous commodities during transport. The Company offers specialized rail tank car and truck tanker equipment, no-spill fuel loading systems, first responder emergency response equipment, and road-to-no-road suspension systems for motor vehicles used in rugged wilderness terrains. The Company's rail and road transport equipment includes pressure relief valves, vacuum relief valves, bottom outlet valves, pressure car pressure relief valves, pressure car angle valves, top ball valves, one-bolt manways and related equipment, emergency response equipment for hazmat first responders, and other specialty valves, parts, equipment, and services.


TSX:KLS - Post by User

Bullboard Posts
Comment by Shnappson Apr 22, 2017 1:06pm
331 Views
Post# 26152834

RE:RE:Next steps?

RE:RE:Next steps?
radman17 wrote: I didn't want to reply, but I have friends who read the blogs and unfortunatley believe some of what they read.




Wow Radman ! You have a lot of nerve putting up a post like that or you live in some sort of alternative universe. If you like I can put up some of your past posts. The KLS downward spiral is due to investors struggling to pay their income tax?  That in my opinion is some very questionable analysis. I could say what I really think but if you rode this one all the way down then you're likely feeling it and I don't want to cause problems.

 

A reverse split is very likely in my world and as someone very aptly put it … This dog has fleas.

 

The question was where does this stock trade if delisted. Here is some information regarding that.

 



 

Listing Agreement

  • Sec. 713.

    TSX may delist the securities of a listed issuer that fails to comply with its Listing Agreement or other agreements with TSX, or fails to comply with TSX requirements and policies. Examples of failure to comply with the Listing Agreement include, but are not limited to, failure to obtain the prior consent of TSX to issue additional equity securities; failure to obtain the consent of TSX before undergoing a material change in the business if the listed issuer is subject to Section 501; and failure to comply with TSX's requirements for stock options and security based compensation arrangements.

The complete section can be found here -

https://tmx.complinet.com/en/display/display_main.html?rbid=2072&element_id=327

 

If a stock goes too low the the TSX will move it to the TSXVenture . A stock can trade on the TSXVenture at a penny or less.

 

 

The NYSE has a minimum share price. Equity must trade at $1 or more to remain on the exchange. I am not sure if this also applies to NYSE-MKT.

 

Delisted stocks can then trade on the Over The Counter BB or last case senario … the dreaded PINK SHEETS . See below

 

Alternative Markets for Penny Stocks

Companies delisted from the major exchanges may end up trading on one of two over-the-counter markets:

The OTC Bulletin Board: The OTC-BB, which is also run by the Nasdaq, is relatively non-liquid compared to the three major exchanges. For example, recently about half of the market's roughly 6,500 issues were penny stocks traded at less than 50 cents a share, and fewer than half traded in that month, according to the OTC-BB.

Historically, companies trading on the OTCBB were not required to file regular financial statements with regulators. This removed a cumbersome ritual for small, closely held public companies that didn't care if their shares were actively traded. However, the Nasdaq adopted rules requiring filing for all companies trading in this market.

Pink Sheets: Many companies that fall off the OTCBB are likely to land on the Pink Sheets. The National Quotation Bureau, a private company in New York, runs this market. Each day, information on some 3,000 stocks (mostly penny stocks) is printed on sheets of pink paper and sent to paid subscribers (mostly brokerage houses).

Since the Pink Sheets don't require any financial reporting, it is generally considered the last stop for companies that have nowhere else to trade their securities.

 

Bullboard Posts