Post by
Dara7Dara on May 10, 2021 4:20pm
Comment on buying Adcore on the TSX or OTC for US investors
Some US investors worry about buying on the OTC (or are not able to do so). If you're able to do so, Buying Adcore on the OTC is not a concern because Adcore is ALSO listed on the mainstage Canadian TSX. In other words, to be listed on the TSX, Adcore has to follow Canadian regulatory standards. Their OTC listing is simply a secondary option for US investors who wish to purchase in US dollars; they have also stated that that down the road they would like to move to the Nasdaq. Buing Adcore then on the OTC is safe because of their primarily listing is on the TSX. For evidence of this please noted that Canadian TFSA accounts actually allow investments to own stocks on the OTC but ONLY if they're also listed on a major index (such as the TSX). If a company is ONLY listed on the OTC then be cautious, but, if it's also listed on a major exchange then you should not worry because they have to follow the regulatory standards of the major index (the fact that Canadian TFSA accounts allow OTC stocks that are also on the TSX or TSX.V should make you feel better).
And, if you look at the growth pattern of Adcore, those OTC shares will most likely be converted to Nasdaq shares in a couple years as the CEO has already publicly stated that the Nasdaq was a down-the-road goal of the company. Thus, Americans should absolutely start buying this gem as it’s currently trading at a discount and has an incredible amount of growth potential. Americans buying Adcore on the OTC now are simply getting in early before mainstream America starts buying at a much higher price down the road (when it's on the Nasdaq).
Also, to look at the time process of moving to bigger indexes, a comparison between AcuityAds and Adcore (both good growth stocks) is made below.
AcuityAds:
TSX.V (2014) -- uplisted to TSX (2019) -- Nasdaq listing (this year 2021)
[OTC shares will be converted to Nasdaq shares]
Adcore:
TSX.V (2019) -- uplisted to TSX (2021) -- Nasdaq listing stated goal for Adcore (2-3 yrs)
[OTC shares would be converted to Nasdaq shares when they eventually move to the Nasdaq]
Main message: Adcore is literally flying under-the-radar right now and trading way below fair value. Load up now and hold.
Adcore is a possible 10 bagger in a couple years. And potentially much more over the next 5-10 years according to Donville Kent (for those with patience to hold)