Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: Totally unacceptable banning ... On Trading Revoked Stock.

Seems a whole lot more was touched on besides SEC info being bad.

Sounds like the posted thought is, SEC info is bad for Canadian holders who can trade anyways despite the misinformation? The terms "misinformation" and "shares no longer exist" attributed to me, no doubt, by the pm rumor mill. I've always maintained that Canadian holders may be in better shape than US holders.

Where the rub could come in is if the Canadian broker/dealer is also a member of a US national securities exchange overseen by the SEC. Many Canadian broker/dealers are. Would that Canadian broker/dealer really risk losing their significant US transaction fees for all of the other stock they move in US exchanges, just to trade revoked Crystallex stock?

OK,so let's say a broker/dealer that trades only Canadian stock is found. Next step is the transfer agent. No bunches of options there. CIT Trust is registered with the SEC. Would CIT Trust risk their SEC registration and lose oodles of US fees for the many other stocks they handle through US markets, to trade revoked Crystallex stock?

There is one little thing that seems to have been forgotten by many. Anyone notice how the SEC and CSA work in concert? How one will revoke, while the other seems to read the mind of the other and follows suit? This is not coincidence.

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Dec 12, 2013 03:47AM
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