Forum Archive Index - March 2000

[Sarah Corkill <Sarah.Corkill@directbroking.co.nz>]

Hi Derek,

There is no easy answer to this question.  There is no registry in the US
for ITC shares and they are traded on the OTC market.  The registry has told
me that any transactions done in the US market still have to be settled on
the NZ or Australian registry.  The company hasn't be anymore helpful on
this one.

I am going to make enquiries with our US broker as to exactly how it could
be done because with our topic of shunting today there are quite afew NZ
investors who would be overjoyed to sell their shares at US prices.
Remember that brokerage in the US is expensive when compared to NZ so
depending on the number of shares your holding it may not be worth the extra
expensive.

Watch this space and I'll see if I can come up with any further positive
information for you.

Regards,

Sarah Corkill
Direct Broking



-----Original Message-----
From: Derek Watt [mailto:watt250@hotmail.com]
Sent: Thursday, 16 March 2000 23:19
To: sharechat@sharechat.co.nz
Subject: RE: [sharechat] shunting - question for Sarah


Sarah-
Shall I ask the obvious question?
How easy is it to buy ITC in NZ and sell in the US?
Thanks,
Derek Watt

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