RE:BOOM! Say good bye to $2.40 ronster65 wrote: I have to say I am impressed. They are doing things right, low key and allowing the little fish to get one last grab before the big dogs get at it. This is massive news without question. Congrats to us us longs!
Not sure I agree with this "last grab for the little fish before the big dogs" comment. Lots of large investors buy stocks on both the TSX or VSX. There are a number of companies with much greater market caps than GRN that continue to trade on the VSX. So financial institutions are not instantly going to start buying GRN on Wednesday and I wouldn't anticipate a serious pop in the SP unless all the momentum crew climb onboard. And if that's the case, they will do that on Tuesday.
That said, there's no question that it's a positive development. And as you can see below, there are increased costs involved in listing on the TSX vs VSX so clearly GRN management are comfortable with their financial position and that's always a very good sign. Onward and upward. GLTA
Initial costs Toronto Stock Exchange; TSX Venture Exchange Listing Fees $10,000 - $200,000; $7,500 - $40,000
Accounting and Auditing Fees $75,000 - $100,000; $25,000 - $100,000
Legal Fees $400,000 - $750,000; $75,000+
Underwriters' Commission 4 - 6 % Up to 12 %
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