Oct. 10 at 1:31 PM
$SYAXD
Hoping to provide a little more clarity to our positions here.
Liquidity has been my main concern.
So again I called my broker at Schwab Global and we discussed strategies.
THIS IS IMPORTANT!
As holders of SYAXD you can have your broker trade your shares directly on the AX. This cures the liquidity issue.
In this case both the AX and the broker charge a small fee. I think he said the AX fee was a 15th of a percent per share traded. Schwabs fee is 3/4 of a percent or
$100’which ever is greater ( FYI- these fees are based on the Australian dollar ).
So we did a hypothetical paper trade yesterday and found out that I would have come out ahead by going outside OTC and selling on the AX.
Just sharing this for those who may be worried that their shares have little or no value.