what happened this week, page-59

heyjohn,

Googled and found this regarding the OTCBB from the following web-site:

http://www.investopedia.com/terms/o/otc.asp


"Over-The-Counter - OTC

A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" can be used to refer to stocks that trade via a dealer network as opposed to on a centralized exchange. It also refers to debt securities and other financial instruments such as derivatives, which are traded through a dealer network.

In general, the reason for which a stock is traded over-the-counter is usually because the company is small, making it unable to meet exchange listing requirements. Also known as "unlisted stock", these securities are traded by broker-dealers who negotiate directly with one another over computer networks and by phone.

Although Nasdaq operates as a dealer network, Nasdaq stocks are generally not classified as OTC because the Nasdaq is considered a stock exchange. As such, OTC stocks are generally unlisted stocks which trade on the Over the Counter Bulletin Board (OTCBB) or on the pink sheets. Be very wary of some OTC stocks, however; the OTCBB stocks are either penny stocks or are offered by companies with bad credit records."



Then, by comparison, looking at the New York Stock Exchange site:

http://www.nyse.com/about/listed/mkt_indexes_nyse.shtml

We get the following:

"NYSE indices closely reflect today's market as NYSE-listed companies account for a substantial portion of the world's economy. Included in these indices are NYSE-listed U.S. companies which represent 81% and 52% of the available market capitalization of all publicly traded companies in the United States and around the world, respectively, as of year-end 2007.

The NYSE's objectives in developing proprietary indices are to showcase the strength of companies listed on the Exchange, and to provide investors and issuers with benchmarks that measure the world's largest marketplace as well as its key segments. The New York Stock Exchange is home to many of the world's most well-established and high-quality companies that meet NYSE's higher listing standards with respect to profitability and company size."


heyjohn, Can you give me the link that shows the OTCBB listings? Obviously, if the Commonwealth Bank and Computershare are there, there are solid reputable Oz companies on the OTCBB. CTVWF (CVI on the OTCBB in the US) was in a bad way when MS took over. If all the funding eventuates, projects for CVI get off the ground, I wonder if CVI would seek to list elsewhere.