RE: RE: RE: RE: RE: RE: RE: RE: WHY no TSE listingThe only reason they wouldn't want to move there is if they are BreX the second.
Wait, remind me again what exchange BreX traded on... Oh yes. TSX.
Also, your posts might carry more weight if you knew that there hadn't been a Vancouver exchange for the past 10 years.
Listing on the Venture exchange has nothing to do with desparation. As the name implies, it is the exchange where many small companies get there start. The winners will eventually move over to the TSX, but there's not really a big rush. As has been stated before, WEE is focusing on developing their business right now. I'd like to see more cash flow before hiring the expensive lawyers and accountants needed to complete the move.
Sorry - forgot that most of you have only been trading for a few months. The Venture is the new name for the combined Vancouver/Calgary exchange. The name changed, but this is still the Vancouver exchanged dominated by Cannacrap and the other crooks that haunted the Vancouver Exchange. Even though the Exchange is headquarted in Calgary, its operations are in Vancouver. Most traders still refer to it as Vancouver. I don't like to refer to it as TSX venture - because some might think it is a Toronto exchange for juniors. It is not.
The name was changed because the Vancouver exchange had such a heinous record of fraud that. you can put lipstick on a pig... trust me, it changed in name only.
Read the Bre-X story - they moved to the Toronto Exchange after starting out on the junior exchange. After the debacle, and ousting of the head of the TSE, the TSE implemented major changes to prevent fraudulent companies from making it to the TSX. With todays scrutiny a company like Bre-X would not get listed on the TSX. Not saying that WEE is BreX or like BreX.
You're right there is manipulation on the TSX - plenty of it, but wrong about the extra expense involved in listing on the TSX. On the Vancouver, manipulation is not just common, its rampant and as another poster commented - many funds and institutions cannot purchase shares in companies listed on the v exchange according to their own charters. Companies just have to disclose more information to gain entry TSX. The costs are virtually the same and many companies with a market capital of 1/50 WEEs are on the TSX.
The average market Cap on the Vancouver is $US9.8M. WEE has a market cap of over US$200M. Time for them to make the move is now, because they will need to raise money soon to be able to expand at the rate the share price has built in and they need access to a broader investor pool.