May 21, 2019 
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Stock exchange listing

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 By Hans Kummerow

05/13/2019  4:25PM

Dear Mike,
what you are writing is very true. A 17 year old expert opinion is worth a fresh look.

And the Toronto Stock Exchange TSXV has grown into the biggest source of venture capital for mining companies worldwide during the last 17 years.

OSTO-Stock would stand out quite tall at TSXV in a comparison to all those junior miners who are listed in Toronto.
 By Michael Miller

05/09/2019  8:56AM

Hello faithful participants in our historic FORUM. I appreciate the experience and wisdom on these pages. I thought Id read the starting this topic seventeen years ago. It is impressive and worth a fresh look. Enjoy. May 15, 2002 at 2:56AM


05/15/2002 2:56AM
Dear Mr. Miller:

I do not feel bad about 16 to 1 loosing it's listing on the Pacific exchange as it was never a good place to list. Not one of the stock listing services such as Yahoo Finance or AOL Quotes would access any stock listed exclusively on the Pacific Exchange, and most brokers would not track anything on it either due to higher commissions. What is the use of having it listed if the listing can not be accessed? I think one main reason for the lack of trading volume in OAU is it simply was impossible to access for most investors unless they went to your web site and found out it was actually listed. Remember that only 27 stocks (including OAU) were unique to the Pacific Exchange, not making it worthwhile for any automated quote system to access them.

Now, as to where to list. DO NOT list on a Canadian exchange. The most logical one the Canadian Ventures Exchange (CVX) is again another exchange that is not accessed by most Net stock reporting services. Much worse, it is not accessed by the majority of brokerages. When I tried to have my broker at Prudential get some CVX quotes, I was told that no broker in the SLC office had subscribed to the option of accessing CVX quotes as Prudential did not trade in CVX shares, even though they trade in most foreign exchanges. Again, what is the use of being listed on an exchange that no one can access or trade on?

NASDAQ: This was originally just a computerization of the old pink sheets. Unfortunately, they have totally forgotten their roots and have since imposed requirements almost as stringent as the NYSC. This is such a disaster to small companies they set up the "NASDAQ Small Caps" listing for companies who do not qualify (mainly because of low share prices) for main NASDAQ listings but who want to avoid the "stigma" of the NASDAQ BBS - the Bulletin Board System is really the current remaining equivalent of the old pink sheets and serves very adequately for making a market. The only real stigma is that there are no real listing requirements other than at least one broker - somewhere - makes a market in that stock, and thus it attracts companies who do not file annual reports, fraudulent companies, etc. so it is a buyer beware type of listing. As nearly every active stock trader realizes this, it just means a bit more due diligence. As long as OAU continues to meet SEC reporting requirements AND produces hard copy reports and mantains a web site, I do not see any reason for not listing on the BBS. You can try for the "Small Caps" listing part of NASDAQ, but I do not know what the requirements are - it is certainly much simpler to list on the BBS - unlike listing on "Small Caps", that can be done without any formal exchange approval.
One advantage of BBS over Canadian - all listings are fully accessible by every brokerage, traded by every broker, and listed on every Net stock reporting service. For those reasons, I would personally prefer BBS listing to the old Pacific listing.
 By cw3343

05/07/2019  12:16PM

yesterday the shares traded at 10 cents, one 1600 share trade, and one 1400 shs.

No big deal, except the increase from the last trade was 99,899.99%
Not many can say they had a stock that went up that much in one day!

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