A good name is hard to keep or lose. Therightside@moneyweek.com has emerged on the internet from the UK to push foreign exchange and penny stock trading. It is not related to our former bankrupt and disgraced partner which disappeared offshore two years ago owing me and my subscribers money.
The new entrant is regulated by and published from Britain by Agora Inc. of Baltimore MD, whose Bill Bonner was the co-founder of this newsletter 21 years ago. More from Bill below.
From today’s London Times (By Alexandra Frean):
British companies are seeking to serve and expand their [US] shareholder base by listing on a new platform for the over-the-counter market, rather than seeking a listing on the main New York Stock Exchange and Nasdaq platforms. By listing on the upstart OTCQX, British companies can save millions of dollars in compliance and registration fees while maintaining levels of liquidity in their shares required by big American investment funds.
Last month Kingfisher, the home improvement chain, became the latest British business to join OTCQX, bringing the total number of UK-registered companies there to 14. Others include Marks & Spencer, easyJet and Home Retail Group. They join other international companies such as adidas, Roche and Deutsche Telekom. The OTCQX marketplace is effectively the premier tier of the US OTC market.
Depositary receipt investors have a new resource https://wwss.citissb.com/adr/common/linkpageTB.aspx?linkFormat=TB&pageId=3&subpageID=173/
The new link is of importance to our portfolio as discussed below. We also discuss stocks from Austrial, Chile, Colombia, Israel, Britain, Belgium, Austria, Mexico, and (two good ideas) the USA.
