VIDWRX INC SMDWF

What is NEX?

[Defaulter]

What is NEX? NEX - a unique market niche NEX is a unique and separate board of TSX Venture Exchange. It provides a unique trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards. Going forward, companies that have low levels of business activity or have ceased to carry on active business will trade on the NEX board, while companies that are actively carrying on business and pursuing growth and shareholder value will remain with the main stock list of TSX Venture Exchange. This differentiation provides two distinct marketplaces - each with its own risk profile, unique characteristics and specific opportunities. NEX companies will benefit from the support and visibility provided by a listing and trading environment tailored to their needs, while the profile and reputation of TSX Venture Exchange companies will be enhanced as a result of the overall improved quality of the main TSX Venture stock list. A fresh start for TSX Venture Exchange "inactives" Before NEX was created, companies that fell below TSX Venture's ongoing listing standards were designated "inactive" and given 18 months to meet the standards or be delisted. Now, with NEX, these companies are relieved of the pressure of a delisting deadline, are more visible as potential takeover targets or investment opportunities and can continue to trade within the prestigious TMX Group of stock exchanges. NEX streamlines and simplifies With short, simple, easy-to-read rules and streamlined filing obligations, NEX reduces the complexity of complying with exchange policies - giving these companies more time to focus their efforts on reactivation. This does not mean that disclosure standards have been relaxed. NEX companies are subject to the same disclosure standards as all Canadian public companies and must maintain good standing with all relevant Canadian securities commissions. In addition, surveillance standards of NEX companies remain unchanged - they continue to be overseen by the same independent service that monitors TSX Venture Exchange and Toronto Stock Exchange companies.