TSXV:AAA.P - Post by User
Post by
englishfrogon Aug 05, 2013 4:53pm
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Post# 21650529
Okay....the OTC debate, froggy's view
Okay....the OTC debate, froggy's viewFirstly, capital barely recognizes national boundaries in today's global marketplace. A share in Allana is a share of Allana whether you buy it on the TSX with the symbol AAA or on the US OTC market with the tickeer ALLRF.
Today the Toronto market was closed, but because Allana is also listed on the OTC its shares traded there. D'uh, I'm sure there's no debate on that point. Or on the fact that ALLRF traded 3 cents higher or 7.19% on volume of just over 62,000 shares.
So...what happens at the open tomorrow? Unless there's news out before the bell I expect AAA to open 2 or 3 pennies higher to reflect the trading that took place Monday (today).
We will see who is right.
News of course is the potential spanner in the works, some incredibly good or bad news would have both quotes opening in tandem either up or down.