Newfoundland Discovery Corp C.NEWD

CSE

[flash338]

"Wider audience"!!! WTF. The vast majority of regular retail investors in the states can't trade on the TSX/TSXV. Those that do usually go with an international broker like Interactive Brokers, such as myself, which doesn't trade CSE (<400m i="" think).="" i="" can="" sell="" my="" small="" position,="" but="" that's="" it.="" what="" a="">

[flash338]

I don't know what happened there at the end.... I typed What a Joke!!

[flash338]

Anyone know what they are talking about when they say wider audience? Cuz where I'm at, it looks like they flat out lied and dropped a bomb on SP.

[Smokerama]

From my experience, going from Venture to CSE is usually a step down. It is usually due to governance issues and/or issues with filing documents that are required under the Venture exchange.  In this case, GTG is highly speculative. It is a gamble suitable for throw away money. It could hit big or it could dwindle down to nothing. When it trades at under $9 million market cap (eg. .37), it

[flash338]

I sold today and took the loss. It was a small position thankfully. Yah, that's pretty much what I was thinking. I'm not familiar with the reqiurement differences between the exchanges but I assumed it was to save money. Talk about shooting yourself in the foot for what? Strike one. Saying it's for a wider audience, strike 2. I thought I've seen all.

[mrvortech1]

To be fair, aren't all junior gold exploration companies at a grass roots speculative? If you don't know that and you're investing in them, you may be in for a rude awakening. 

[flash338]

I'm not new to this sector and have had many "learning experiences". I was in gtg just for a small, short term trade. It's not the money that chaps me, is being blind sided by one of the dumbest things if seen execs do. I have never seen a company down grade exchanges that wasn't kicked out and or about to go belly up. I've never cared to trade on the cse. It just tells

[Smokerama]

Indeed, I sense that a major financing is on the horizon. Likely Sprott and flow through shares. When you see these flow through shares, they are very different than a regular share equity raise. Not a red flag per say but you can't give much creedence to the pricing as there are significant tax advantages.  So look for dilution through flow through shares issuance. 

[mrvortech1]

Well I can't dispute this being a potential concern or minor red flag. I have heard some say CSE can be more broadly traded (worldwide) so it may be better, but I don't know.