The New Western Canadian Stock Exchange By William Cate Published May 1998 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] Can three centers of stock fraud merge and create a reputable Stock Exchange? The Canadians say "yes." "Forbes" won't have
Vancouver Stock Exchange (VSE) to kick around any more. In 1989, "Forbes" called
VSE "The Scam Capital of
World." The name stuck. The VSE's reputation has made it impossible to sell VSE stocks anywhere in
World. Yet,
VSE is
cornerstone of
New Western Exchange.
The Alberta Stock Exchange (ASE) gave investors Bre-X,
biggest mining stock fraud in history. The ASE spearheaded
creation of
New Western Exchange.
The Canadian Dealers Network (CDN) is
third stooge joining
New Western Stock Exchange. The CDN is
Ontario Securities Commission's OTC cesspool.
The Toronto Stock Exchange (TSE) has 88% of
dollar value of shares traded in Canada. Recent regulatory changes moved
TSE away from listing resource stocks. The New Western Canadian Stock Exchange is betting that they will get
TSE speculators interested in resource stocks. To this end,
VSE is doing "Dog & Pony" Shows in Europe. They hope to recruit
faithful gold bugs back into their fold.
The Montreal Stock Exchange (MSE) has 10% of
dollar value of shares traded in Canada. A Decade ago, they were in competition with
TSE as Canada's leading Stock Exchange. In
past Decade,
quality of their listings has made them more of a competitor to
scam ridden VSE. I suspect they'll eventually bury
Western Exchange.
Here are some of
current obstacles that
New Western Canadian Stock Exchange must overcome. 1. They have 2% of
dollar value of shares traded in Canada. This isn't adequate to support
bureaucrats running
system. 2. Vancouver and Alberta are battling to be
physical location of
new stock exchange. Given
importance of "white collar" jobs in Canada,
loser isn't going to be happy. The proposal to spread
jobs into several cities won't work. Keep in mind that
New Western Exchange will