Investing Sr. Associate
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Hi, everyone - I work for this company. It is traded on the London stock exchange, It was trading on the New York stock exchange until recently. (despite all the things i hear about company delisting from the NYSE, fraud , corrupt, weak, poor management, etc..) My Company decide that since it is traded on the London Stock they did not need the NYSE- this is really about saving $$$$, it was costing $2 mil for an international listing Kudos- to them for savings the money!!!!! The company is listed on the OTC. Ok, now that i got the background done for the question at hand. If i buy stock in the same company (on the OTC) could I sell it on the London Stock Exchange for their price?
Example
OTC WOSLY 9.95 0.00
(ADRs in dollars)
London WOS 500.00 +16.75
(shares in pence)
As of: 03/24/2008 06:55AM EDT
Yes, I am aware of the symbol differences- But the question is referring to companies with the same symbols. I think I read an article about the same situation in the chinese market? |
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