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