Grey Market strongI'm from Texas where we're familiar with Texas Tea, black gold, or just plain oil. I trade via Scottrade & others and they no longer allow people to buy Canadian stocks. Some canadian stocks trade as Bulletin Board or Pink Sheet stocks, but when they don't trade on those, or other major exchanges, we have to buy them through the Grey Market, sort of like the Pink Sheets, but smaller and very thinly traded. Simba trades on the grey market under the symbol SMBZF. I originally bought shares in June 2009 at .16 and then saw the stock price fall, but Simba has great properties and great prospects and our management seems competent, so I didn't sell, instead I've bought more on the way down, and now I have a profit on all my shares. SMBZF closed Friday at .167 bid/ask .15/.17 The price, even higher than V.SMB, is an indication of the strength of this stock. Because it is thinly traded people won't buy it unless they think that it is a really good stock, especially since you will have to offer a high bid in order to get it, and because of that not many shares get traded. But not with Simba,
151,865 shares traded Friday, that is a huge volume for SMBZF. It shows people are realizing what a great stock this is and are willing to put up their money and pay high prices for the stock. If a stock has poor potential, it sells for a lot less than the shares that are traded on the Canadian market because people aren't willing to buy it unless they can get it for a lot less than its Canadian counter part. That is usually the case, but there are those occasional stocks with a really strong story to them, and they sell for higher prices than their Canadian shares. We are one of those strong stocks. I guess you can say that Simba is a lion amoung stocks.