Mountain Province Diamonds Inc T.MPVD

MPVD Announces Intention to Voluntarily Terminate SEC Report

[showmediamonds]

With Mountain Province Diamonds Announcing Intention to Voluntarily Terminate SEC Reporting Obligations what happens to the shares if you own them through OTC in United States?

[Macloud1]

This tells me cash is tight if they can't afford the filling fees. It might be the start of the end. 

[showmediamonds]

Agree, they must be under pressure to avoid any expense. when they terminate the registration of its common shares under removal of filling, do you get the Canadian equivalent share?  Or do they liquidise your account ?

[claymore55]

It isthe  registration of the shares that is being terminated for purposes of trading in the USA, not the shares themselves. The very same shares will be traded on Canadian exchanges. 

[showmediamonds]

Agree, they must be under pressure to avoid any expense. when they@terminate the registration of its common shares under removal of filling, do you get the Canadian equivalent share? @Or do they liquidise your account ?

[IslandOracle]

The OTC volume today was about 11 times higher than normal (nearly 500,000 shares),  so many of the folks who hold the stock in the US seem to have been bailing. From a corporate standpoint,   it doesn't make much sense to have a listing for stock that hardly trades at all in the US. I notice that some of the posters view the decision to drop the US trading as a major negative

[showmediamonds]

Looks like a stampede on the OTC, at least they've clarified the OTC queries  In response to inquiries from shareholders, the Company advises that it is not involved in or a sponsor of the over-the-counter (OTC) trading of the Company's common shares in the United States. The Company understands that OTC trading is not affected by the registration of the Company's common