Posted On: 09/03/2014 1:00:16 PM
Post# of 2102
You are confusing ICBT and Canwealth.
wadirum1 Member Level Wednesday, 09/03/14
12:54:43 PM
Re: Curious2u post# 48547
Post # of 48556
You are confusing ICBT and Canwealth. ICBT is trading for US investors, but is banned in Canada because they aren't reporting enough. The IPO that the SEC has already approved and that FINRA is now considering is Canwealth. SEC has already approved this, contrary to your assertion. And it wouldn't affect FINRA's decision either way that some Canwealth shares are owned by a company that isn't trading in Canada.
In fact, your post is so convoluted that it is hard to address all the twists and turns. You seem to be stating that if a US-trading company that is barred from trading in Canada owns shares in another company, then that other company can get SEC S-1 approval for a US IPO, but not FINRA for those IPO shares to trade in the US.
Huh? SMH
wadirum1 Member Level Wednesday, 09/03/14
12:54:43 PM
Re: Curious2u post# 48547
Post # of 48556
You are confusing ICBT and Canwealth. ICBT is trading for US investors, but is banned in Canada because they aren't reporting enough. The IPO that the SEC has already approved and that FINRA is now considering is Canwealth. SEC has already approved this, contrary to your assertion. And it wouldn't affect FINRA's decision either way that some Canwealth shares are owned by a company that isn't trading in Canada.
In fact, your post is so convoluted that it is hard to address all the twists and turns. You seem to be stating that if a US-trading company that is barred from trading in Canada owns shares in another company, then that other company can get SEC S-1 approval for a US IPO, but not FINRA for those IPO shares to trade in the US.
Huh? SMH
(0)
(0)
