GXY
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0.00% $5.28 galaxy resources limited

Schwab summarizes pretty well. See the "How Does the OTC Market...

  1. Briz
    13 Posts.
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    16/08/16
    08:41
    Post #: 18524737
    Schwab summarizes pretty well.

    See the "How Does the OTC Market Work?" section.
    http://www.schwab.com/public/schwab/nn/articles/Going-Global-Trading-Foreign-Stocks-OTC

    The market maker buys/sells/holds the actual foreign shares for you. There are no additional GALXF shares. The brokerage holds GXY, so adding GALXF would double-count. The market cap noted on the quote is the entire market cap of GXY converted to US dollars.
    GXY Price at posting: 39.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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