VTMXF on the USA OTC Pink Sheets finished at 3 cents, so at today's USA/AUD exchange rate that equates to an ASX price of 3.9 cents, a long way off Friday's 5 cent finish.
So it just goes to show you, how crazy the overseas trading can be when there is very poor liquidity, I would not even bother looking there, but only did so today, out of interest, because of some other posts here.
The naive need to realise what poor liquidity can do, there can be an equivalent ASX price in Europe of 5.8 cents, while at the same time as having a USA OTC price equivalent of 3.9 cents on the ASX - crazy!
The liquidity overseas is so poor, it's a waste of time even quoting them here in the future, and I won't anymore, except for this example. I wanted to point out the futility of it for this stock, because it doesn't apply to all stocks listed overseas, it just depends on their liquidity.
Gw
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