I also have my hsares in Scottrade. It is rather frustrating that we may now be buying and selling on the pink sheets. I don't see how this can happen without a huge # of shares and transactions being shifted to the US exchange. I must be missing something.

I called Scottrade. Not much help. I expained the issue of liquidity and asked what happened to my canadian shares and were they somehow converted to US ps shares. He told me that many people were clamoring to be able to trade canadian shares on line so that was why they did it. (Sure didn't come close to answering my question!) I asked him if I trade on line will someone on the canadian exchanges be able to be the counter party to my trade.

I'll put it nicely, he didn't know. He didn't know if the ca shares are now pink sheet shares, or if the trades are all done ultimately on the TO exchange. I asked him to put me in touch with someone who knows in detail what happens to a buy or sell order when I had shares on the TO exchange that now have a ps code.

I just got the call from someone at the Scottrade trading desk. It was a long answer, but it boins down to the pinksheet identifiers were necessart to implement trading on line. Any transaction, buy or sell, will be available on both the pink sheets and the canadian exchange and Scottrade will (try to ) get the best price for its customer. The trades could be executed on either the pinks or the can ex.

You can call Scottrade and request a Can Ex only trade, and that wil be at the old transaction rates instead of the $7 on line fee available if you trade on line.

I feel better now. But there might still be a little, little, little doubt in the back of my mind waiting to see how this all plays out.