RE:RE:RE:RE:RE:RE:TSX Delistingthegov wrote: Have a look at the actual continuing costs of listing on TSX.
https://www.tsx.com/resource/en/2939 Page 12
Unless I'm seriously misreading, for a 300M market cap it is $47K, for 700M its $83K so VMD is somewhere around say $55-60K. That's one employee -- & it doesn't include the 25% discount on international interlisted securities.
The initial one-time fee for listing is up to max 200k - but that's long gone.
Unless they're planning on issuing different types of securities (warrants, preferreds, debentures) - which maxes for a multibillion co at 250k, there is minimal savings.
This is not a "good" event -- it may be a "non" event at best. Unless the dislike of the TSX actually carries some merit.
So lets flog another non issue to death. Based on some of the comments made this is the first rodeo for some of you. Who cares what the listing costs are, they are trival at best. The truth of the matter I suspect is that the Canadian market Big board TSX lags far behind in support, the proof is in the trading volume. We have a U.S. based company being paid in U.S. dollars, doing business in the U.S.A. why have the hassles of a Canadian listing?
Besides which as the news release clearly states they do not require shareholder approval, hence the statement that the VMD shares will be delisted at the close of business December 21st / 2023.
My Viemed shares are currently sitting in a Canadian Self Directed RRSP which can easily be transfered into a U.S. Self Directed RRSP online. I trade with TD and RBC, buy sells are done easily with the touch of a button. Those of you paying high commision fees and recieving substandard advice from a broker, need to rethink your plan. A little education and expierence goes along way.
On a side note, my spidy senses were twicked yesterday as to the run up and trading volume. However I was not expecting this type of news, those of you that dissaproved and sold your shares today got fished by the big boys. ( Institutional Houses)