They're OTC or over the counter derivatives, basically they allow people to buy shares via an intermediary without buying them directly off of an exchange.
https://www.kantox.com/en/glossary/over-the-counter-derivative-otc/
If you couldn't for example buy shares in ASX companies from the US because of securities laws you go to the OTC provider who has a licence to buy them & they sell you an OTC which is backed by the the underlying shares. A bit like CFD's but without the leverage.
It's a positive because it will create more demand & also broaden the shareholder base.
No additional shares are issued, the provider would need to buy them in the marker like everyone else.
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.59M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 3.0¢ | $30 | 1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 105000 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 194433 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 105000 | 0.027 |
1 | 17000 | 0.026 |
8 | 332920 | 0.025 |
4 | 239317 | 0.024 |
1 | 70000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 350 | 1 |
0.027 | 30000 | 1 |
0.030 | 202959 | 3 |
0.031 | 107295 | 2 |
0.033 | 90909 | 1 |
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