The New Western Canadian Stock Exchange

The New Western Canadian Stock Exchangeloser isn't going to be happy. The proposal to spread
the jobs intoseveral cities won't work. Keep in mind
Published May 1998that the New Western Exchange willbe starting as a
[ [money-losing business. Spreading jobs increases costs.
Can three centers of stock fraud merge and create3. They must delist at least the flagrant scams from
a reputable Stockthe new stockexchange. This means the CDN will see
Exchange? The Canadians say "yes." "Forbes" won'tmost of its stocks delisted. The CDNbrokers won't
have the Vancouver Stock Exchange (VSE) to kickbe happy.
around any more. In 1989, "Forbes" called the VSE4. Listing costs are lowest for CDN companies and
"The Scam Capital of the World." The name stuck.highest for VSEcompanies. Currently, VSE listing costs
The VSE's reputation has made it impossible to sellexceed the cost of listing on the
VSE stocks anywhere in the World. Yet, the VSE isAmerican Over-the-Counter Bulletin Board (OTCBB).
the cornerstone of the New Western Exchange.Listing costs on the
The Alberta Stock Exchange (ASE) gave investorsWestern Exchange must be even higher to carry all
Bre-X, the biggest miningstock fraud in history. Thethe bureaucrats addedfrom Alberta and Ontario. The
ASE spearheaded the creation of the New WesternNew Western Exchange will price itself beyond the
Exchange.means of the companies it hopes to attract.
The Canadian Dealers Network (CDN) is the third5. The Internet offers a LEGAL and inexpensive
stooge joining the Newalternative to the Western
Western Stock Exchange. The CDN is the OntarioExchange. See the Capital Funds Group Website
Securities Commission's OTC cesspool.[ The listing competition for sound riskcapital
The Toronto Stock Exchange (TSE) has 88% of thecompanies will get worse in the next few years.
dollar value of sharestraded in Canada. Recent6. Changing the regulations doesn't mean making the
regulatory changes moved the TSE away from listingsystem honest. Since
resource stocks. The New Western Canadian Stock1984, the VSE regulations have changed often. The
Exchange is betting that they will get the TSEscams persist. The VSEhas been unwilling to weed
speculators interested in resource stocks. To thisout its dishonest members. The crooks willcontrol the
end, the VSE is doing "Dog & Pony" Shows in Europe.new stock exchange, as they currently control the
They hope to recruit the faithful gold bugs back intoVSE.
their fold.7. Under British Columbia Law, residents can't trade
The Montreal Stock Exchange (MSE) has 10% of thestocks throughbrokerage firms outside Canada. I
dollar value of sharestraded in Canada. A Decade ago,suspect that this Provincial Law existsin every
they were in competition with the TSE asCanadian Province. This law violates NAFTA. The
Canada's leading Stock Exchange. In the past Decade,problem for the
the quality of theirlistings has made them more of aNew Western Exchange is that the Canadian
competitor to the scam ridden VSE. Isuspect they'llshareholders of their listedcompanies can't sell their
eventually bury the Western Exchange.shares in the States or Europe. The
Here are some of the current obstacles that thenon-Canadianbroker would violate the Canadian
New Western Canadian Stock ExchangeProvincial Law by trading in Western
mustovercome.Exchange stocks. Without a foreign "aftermarket" for
1. They have 2% of the dollar value of shares tradedtheir stock, what
in Canada. This isn'tadequate to support theCanadian will buy the stock?
bureaucrats running the system.I'll take my lead on the New Western Canadian Stock
2. Vancouver and Alberta are battling to be theExchange from William Shakespeare.
physical location of thenew stock exchange. Given"An outhouse by any other name will still smell.
the importance of "white collar" jobs in Canada,the