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Bullboard - Stock Discussion Forum Viemed Healthcare Inc VMD

Viemed Healthcare, Inc. through its subsidiaries, is a provider of home medical equipment (HME) and post-acute respiratory healthcare services in the United States. The Company’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counselling to patients in their homes using cutting edge technologies. The Company’s products and services... see more

NDAQ:VMD - Post Discussion

Viemed Healthcare Inc > TSX Delisting
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Post by esifor on Dec 07, 2023 9:42am

TSX Delisting

Unhappy that it is getting delisted on TSX :(
It will have FX and taxation impact on me now.
Comment by LongTerm3 on Dec 07, 2023 10:14am
But it is better for the company. More volume on one exchange, and will probably save on listing fees.
Comment by Peanuts3 on Dec 07, 2023 10:35am
It will stay (if you want) in your cdn account, with symbol in USD. Then you will have to pay fee for the exchange, and the taxation will stay the same
Comment by thegov on Dec 07, 2023 12:21pm
Agreed ... I'm really annoyed. Hold significant amounts since PHM. Major hassle & cost for me - and there's no bid to allow an easy sale for my holdings. Some much for shareholder support -- the listing cost is peanuts.
Comment by westcoastlogger on Dec 07, 2023 1:04pm
I betcha dollars to dog doo that there are way more investors in Canada that deal exclusively with the exchanges in the US than deal with the exchanges in the Great White North.
Comment by LongTerm3 on Dec 07, 2023 1:20pm
This is what Viemed said in the release: "Following delisting from TSX, Viemed's shareholders can trade their Common Shares through their brokers on NASDAQ. As most brokers in Canada, including many discount and online brokers, have the ability to buy and sell securities listed on NASDAQ, Viemed's NASDAQ listing will continue to provide shareholders with the same accessibility to ...more  
Comment by snootchybootchy on Dec 07, 2023 1:40pm
The last time this happened to me with one of my holding was with the Intertain Group. It traded rangebound for years on the TSX but when it was delisted from the TSX and traded exclusively on the London Stock Exchange, share price nearly tripled in 18 months. Yes, part of that share price appreciation was that it was acquired but maybe something similar will happen to VMD's share price ...more  
Comment by thegov on Dec 07, 2023 1:54pm
What they don't tell you is how ridiculously expensive it is - unless you're already set up with a USD acccount. They are patently wrong when they say "with the same accessibility to trade the Common Shares" - particularly in registered and trust vehicles. Many others simply cannot hold foreign listed stocks. And my broker brought up several possible problems (and expenses) where ...more  
Comment by snootchybootchy on Dec 07, 2023 2:10pm
It's very easy (and free) to set up a USD account with your existing broker. And then just journal your VMD shares over. Where is the "ridiculosuly expensive" cost? Maybe you need to change brokers?
Comment by profitprophet1 on Dec 07, 2023 2:13pm
Not sure what you're claiming, but it's easy as can be to set up a US dollar account with my brokerage and you can hold American listed stocks in a regular Cdn$ account as well. All this move does is save Viemed a million or two in listing fees which is a good thing.
Comment by thegov on Dec 07, 2023 5:20pm
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 ...more  
Comment by LongTerm3 on Dec 07, 2023 5:53pm
For volume reasons they are better off on one exchange. There is nothing wrong with this. People can still trade in Canada in dollars. I think they just journal the shares to Nasdaq. Also, maybe there are other reasons for this that we are unaware about. 
Comment by Tropicalsun on Dec 07, 2023 6:22pm
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 ...more  
Comment by lscfa on Dec 08, 2023 4:38pm
TSX/TSXV rules more lax which enables trader scum.....     Proposal to ban short selling ahead of deals to shake up junior markets   MARK RENDELLCAPITAL MARKETS REPORTER Globe & Mail  PUBLISHED JULY 19, 2020     A move to bring Canadian short-selling rules in line with United States securities law could reverberate through Canada’s junior ...more  
Comment by westcoastlogger on Dec 08, 2023 5:05pm
Shorting scumbags is right. I believe the Venture Exchange in Canada, in conjunction with groups like Save Canadian Mining and the Venture Exchange itself, got naked shorting outlawed once again in Canada last year in the courts. Naked shorting is basically shorting shares that DONT EVEN EXIST. At one time it was illegal and then left wing Marxists like Pierre Trudeau thought it was a good idea to ...more  
Comment by Moemoney42 on Dec 13, 2023 1:51pm
Hey where ya been westcoast.. pretty quiet lately.. how about an update on your losses the last few days..?  :-)
Comment by westcoastlogger on Dec 13, 2023 3:09pm
Havnt lost anything. Breakeven on QIPT is 6 bucks and 2.40 on VMD. Maybe you should concentrate on your losses at CPG.
Comment by Tropicalsun on Dec 08, 2023 6:35pm
Thanks for sharing Iscfa, it's about bloody time. What a joke that this practice has been allowed to happen for this long already.
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