RE:RE:RE:WTF does this mean??RainbowRunner wrote: Um, yeah, I got that from the article. Perhaps my query should have been more explicit ... WTF does it mean in terms of how it will affect these companies’ shares/share prices that are traded on the North American exchanges? Will it be seen as a negative? Seems negative to me. Any thoughts (besides the obvious?).
FPTP wrote: It means the German stock exchange will no longer be able to trade cannabis stocks.
Much in the same way the TSE won't allow cannabis stocks with U.S. interests to be traded.
Stocks that suffer "low volume" syndrome * may * suffer even MORE. A depository entity like Clearstream simply receives stock of a Canadian Company or US Company, and allows it to be traded on the German exchange.
Now they are saying they will not allow that anymore, so those shares cannot be bought and sold on the German exchange through the depository.
The german investor who holds the stock will now have to settle their transactions through a broker that gives them access to CAD or USA exchanges, where these stocks typically still trade (CSE, TSE, NASDAQ, NYSE).
The only issue is for german investors who deal with a broker who DOES NOT allow them access to the above exchanges. These investors will have to transfer their shares to another broker that allows them access to settle in the above exchanges.