MidtownGuy wrote: No we don't get more shares. Nothing changes for existing investors unless they choose to issue more shares.
Think of it this way: a share is a share, and what stocks are currently available for buy or sell on the stock market, remain available for buy or sell.
The only difference is those same shares are now also directly available AND separately priced with their own listing on the Nasdaq. Which provides greater access to US investors (they could buy it already via the TSX, but now they don't have to deal with those fees and exchange rates and such), AND perhaps more importantly, the possiblity for inclusion within Nasdaq sub-listings (indexes and the like).
Unless PYR chooses to release more shares for trade, either from their own treasury or via a public offering, the existing float and shares outstanding remain the same.
Prices will be in USD on the Nasdaq of course, but prices across exchanges will be virtually identical day to day in relative currency, as the arbitrageurs will make sure of that (those that see a brief price disparity and quickly exploit it by buying it cheap on one exchange, and selling it for more on the other).
Ragingbull255 wrote: So how does this work. Do we get shares on the NAZ?
Or do they remain trading on both?
Legit question, even for a vet.
lol.