Paul Atkins
👤 SpeakerAppearances Over Time
Podcast Appearances
is to encourage foreign companies to list here in the United States, because then Americans can buy these shares, you know, under American law and with American protections of disclosure and all of that, which I think is valuable rather than why I'm abroad.
And then you have to worry about, you can receive your dividends.
How am I gonna, you know, change, you know, whatever our road to dollars or whatever it may be.
But over time we've seen in particular, as I mentioned with the Chinese companies,
That if they're not being regulated in their home country, then these foreign companies that are listed in the United States have particular exemptions.
They don't have to comply with all the rules that American companies do because we had a concept of substituting compliance.
It's regulating, and so this is a convenience for Americans.
But if the Chinese companies now, they're listed in the United States, they should be under American regulation.
But because of this kind of loophole in our laws are not subject to that, we give them exemption from that.
That's what we're looking at.
And so we've noticed over time that some of these shares, especially if they're penny stocks, that they're subject to what we call ramp and dump.
So over time, we watch the price go up without any
Real explanation, no news about the company.
And we monitor chat rooms and things like that.
And then suddenly the price collapsed.
So that's because people are manipulating it.
So we have stopped now trading of those sorts of companies.
We start seeing the indicia there of what's going on.
And then we stop trading with it.
NASDAQ is cooperating with us and all.