Pure et al. grab 31.6%, TMX receives Canadian offer
2011-05-16 19:20 ET - Street Wire
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I am 100 percent against this new proposal. We, as individual traders, had the chance to invest in major minerals companies across the world. As a junior investor it would have brought in capital to help struggling companies who are now at the wilm of manipulators and scavengers. The new market will ensure that the old boys club keeps tight reigns on prices of commodities and offset their financial investments by having absolute knowledge of all trading patterns and investments. I am againdt bank corruption and ownership. They already wield the most powerful manipulation of markets in all G7 countries and will soon be Gods. NO - Absolute NO.
Posted by Jim Thom at 2011-05-16 20:18
Everyone is focused on the cost of trades. The real question is fees and regulation for companies that will have little choice in listing in order to have the market exposure. This is especially true for junior companies where the Canadian system serves as an incubator.The London deal will surely bring higher fees and more bureaucracy which will be negative and costly for all parties. The Maple proposal hopefully will be less costly and bureaucratic than London as most of the Canadian systems are in place. As to cost for listed or maintenance of new companies on the Exchange the Maple proposal will surely lead to higher fees for companies (they won't be able to resist). We can only hope that it will be less than what the London fees would have been.
Posted by Jack Stoch at 2011-05-19 05:27
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