Post by
Nicholas86 on Jan 28, 2019 11:49am
Delisting response from SDX
I emailed SDX this morning and got the following message back: There is nothing to be done at this stage as the de-listing will be subject to shareholder and court approval. Further notifications will be made in due course. When it happens existing TSX shares will be exchanged for PLC (AIM) shares at the market price. As announced, this will bring material savings to the Company. Does anybody else own their TSX shares in a registered savings account (TFSA or RRSP)? Are we able to own AIM shares in those accounts?
Comment by
Nicholas86 on Jan 28, 2019 11:51am
From what i can gather, you would not want to sell TSXV shares and buy AIM shares right now, as the TSXV shares have taken a big hit this morning, so you would lose a lot of money in that transition, where as you can just wait until the delisting occurs and maintain the same number of shares you owned on TSXV. In my opinion.
Comment by
John104 on Jan 28, 2019 12:09pm
Well I sure hope the shares migrate, this would be the best case for us s/h.
Comment by
retiredcf on Jan 28, 2019 2:34pm
The fact that they're prepared to move their operations to the UK despite the huge black cloud of Brexit gives you a good idea of just how badly the Canadian government has handled its energy sector. GLTA
Comment by
Nicholas86 on Jan 28, 2019 3:55pm
There is another stock board called London SouthEast that discusses this company, and apparently there are quite a few guys who contacted their brokers and were told that it is difficult to trade AIM shares from Canada. Not sure if that's true or not, but just thought i would share. This has been a very frustrating day, good luck to all.