Viemed Healthcare Inc VMD

TSX Delisting

[esifor]

Unhappy that it is getting delisted on TSX :(
It will have FX and taxation impact on me now.

[LongTerm3]

But it is better for the company. More volume on one exchange, and will probably save on listing fees.

[Peanuts3]

It will stay (if you want) in your cdn account, with symbol in USD. Then you will have to pay fee for the exchange, and the taxation will stay the same

[thegov]

Agreed ... I'm really annoyed. Hold significant amounts since PHM. Major hassle & cost for me - and there's no bid to allow an easy sale for my holdings. Some much for shareholder support -- the listing cost is peanuts.

[westcoastlogger]

I betcha dollars to dog doo that there are way more investors in Canada that deal exclusively with the exchanges in the US than deal with the exchanges in the Great White North.

[LongTerm3]

This is what Viemed said in the release: "Following delisting from TSX, Viemed's shareholders can trade their Common Shares through their brokers on NASDAQ. As most brokers in Canada, including many discount and online brokers, have the ability to buy and sell securities listed on NASDAQ, Viemed's NASDAQ listing will continue to provide shareholders with the same accessibility to

[snootchybootchy]

The last time this happened to me with one of my holding was with the Intertain Group. It traded rangebound for years on the TSX but when it was delisted from the TSX and traded exclusively on the London Stock Exchange, share price nearly tripled in 18 months. Yes, part of that share price appreciation was that it was acquired but maybe something similar will happen to VMD's share price

[thegov]

What they don't tell you is how ridiculously expensive it is - unless you're already set up with a USD acccount. They are patently wrong when they say "with the same accessibility to trade the Common Shares" - particularly in registered and trust vehicles. Many others simply cannot hold foreign listed stocks. And my broker brought up several possible problems (and expenses) where

[snootchybootchy]

It's very easy (and free) to set up a USD account with your existing broker. And then just journal your VMD shares over. Where is the "ridiculosuly expensive" cost? Maybe you need to change brokers?

[profitprophet1]

Not sure what you're claiming, but it's easy as can be to set up a US dollar account with my brokerage and you can hold American listed stocks in a regular Cdn$ account as well. All this move does is save Viemed a million or two in listing fees which is a good thing.

[thegov]

Have a look at the actual continuing costs of listing on TSX. https://www.tsx.com/resource/en/2939  Page 12 Unless I'm seriously misreading, for a 300M market cap it is $47K, for 700M its $83K so VMD is somewhere around say $55-60K.  That's one employee -- & it doesn't include the 25% discount on international interlisted securities. The initial one-time fee for listing

[LongTerm3]

For volume reasons they are better off on one exchange. There is nothing wrong with this. People can still trade in Canada in dollars. I think they just journal the shares to Nasdaq. Also, maybe there are other reasons for this that we are unaware about. 

[Tropicalsun]

So lets flog another non issue to death. Based on some of the comments made this is the first rodeo for some of you. Who cares what the listing costs are, they are trival at best. The truth of the matter I suspect is that the Canadian market Big board TSX lags far behind in support, the proof is in the trading volume. We have a U.S. based company being paid in U.S. dollars, doing business in the U

[lscfa]

TSX/TSXV rules more lax which enables trader scum.....     Proposal to ban short selling ahead of deals to shake up junior markets   MARK RENDELLCAPITAL MARKETS REPORTER Globe & Mail  PUBLISHED JULY 19, 2020     A move to bring Canadian short-selling rules in line with United States securities law could reverberate through Canada’s junior

[westcoastlogger]

Shorting scumbags is right. I believe the Venture Exchange in Canada, in conjunction with groups like Save Canadian Mining and the Venture Exchange itself, got naked shorting outlawed once again in Canada last year in the courts. Naked shorting is basically shorting shares that DONT EVEN EXIST. At one time it was illegal and then left wing Marxists like Pierre Trudeau thought it was a good idea to

[Moemoney42]

Hey where ya been westcoast.. pretty quiet lately.. how about an update on your losses the last few days..?  :-)

[westcoastlogger]

Havnt lost anything. Breakeven on QIPT is 6 bucks and 2.40 on VMD. Maybe you should concentrate on your losses at CPG.

[Tropicalsun]

Thanks for sharing Iscfa, it's about bloody time. What a joke that this practice has been allowed to happen for this long already.