RE:RE:RE:RE:RE:Goldy by mentioning Sprott you are defaming him I think you haven't a clue what you're talking about. As lonas they do a surface level fact check your tome will go to the dustbin.
Chef boy you must really be bad at this. Here is an old press release from 8 years ago. 600 graduates from the tsxV to the big board, the TSX. So that's not counting the untold numbers of little Tsx-v companies that were gobbled up and taken over or private. I'd say what's most obvious here is your poor stockpicking. Too many weed stocks? Don't get high on your own supply .... famous advice
October 30, 2014
October 30, 2014 (TORONTO, ON) – TMX Group today announced that with the graduation of Fission Uranium Corp. (FCU) from TSX Venture Exchange (TSXV) to Toronto Stock Exchange (TSX), the total number of companies to graduate from TSXV to TSX has reached 600 since January 1, 2000.
Chef boy you must really be bad at this. Here is an old press release from 8 years ago. 600 graduates from the tsxV to the big board, the TSX. So that's not counting the untold numbers of little Tsx-v companies that were gobbled up and taken over or private. I'd say what's most obvious here, ie the real story, is your poor stockpicking. Too many weed stocks? Don't get high on your own supply .... famous advice from Scarface October 30, 2014
October 30, 2014 (TORONTO, ON) – TMX Group today announced that with the graduation of Fission Uranium Corp. (FCU) from TSX Venture Exchange (TSXV) to Toronto Stock Exchange (TSX), the total number of companies to graduate from TSXV to TSX has reached 600 since January 1, 2000.
According to cibc investors edge "TSX has welcomed over 650 TSXV-listed companies that crossed over to the larger exchange over the years. In fact, approximately 20% of all companies in the S&P and TSX Composite Index1 trace their roots to TSXV."
Chefboy69 wrote: i am sending the Globe this....
what do you think???
TSXV/CSE/OTC
They exist mainly for new companies to receive start-up capital. Money needed to run operations for the company to exist. 90% of the companies listed, DO NOT MAKE ANY MONEY.
THE ONLY SOURCE OF INCOME IS FROM SALE OF STOCK ( financing deals, private placements and so on)
For the most part they will continue this cycle without ever being profitable. A sort of rinse and repeat
And for the unknowing and new investor they buy these companies and end up losing money.
In very few instances( in my years only once) has a company uplisted off these exchanges and made me real money and continues today
This has been the modus operandi for the venture exchange and over the counter stocks for the last 100 years and will continue
No one talks about it and the media( BNN) promote these companies knowing exactly what they are doing,
There are also a group of “boiler room” traders( day traders) that scalp the shares of these companies, creating pump and dumps and fast moving exciting stories.
The new money is not aware and buys these stocks thinking they will profit and as they buy the traders are selling the shares to them. The retail new money ends up “”holding a bag”. Or Losing their own hard earned money