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What is EPTNY ?!?! (Read 1487 times)
leitneier
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What is EPTNY ?!?!
05/05/04 at 18:58:15
 
On the Nasdaq OTC there appears to be a new symbol EPTNY (not EPTNF) that is related to Epitan Ltd. Can anyone tell me why it's there?
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Scott Stevenson
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Re: What is EPTNY ?!?!
Reply #1 - 05/05/04 at 19:18:51
 
Lietnier,
 
When did this new symbol appear?
 
-Scott
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Re: What is EPTNY ?!?!
Reply #2 - 05/05/04 at 19:53:30
 
I would guess within the last 90 days. If you go to finance.yahoo.com and lookup the symbol (you'll have to use EPTNY.PK) you'll see that data seems present for only 5 days. However, there is no data. No charts no nothing...
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Scott Stevenson
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Re: What is EPTNY ?!?!
Reply #3 - 05/06/04 at 06:53:02
 
This should answer your question!
Smiley
 
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Re: What is EPTNY ?!?!
Reply #4 - 05/06/04 at 14:12:15
 
So what will happen to my eptnf stock?
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Re: What is EPTNY ?!?!
Reply #5 - 05/06/04 at 18:35:30
 
Its all the same underlying stock. Its all equal in value although EPTNY may have a 5:1 or 10:1 ratio applied. Meaning 1 EPTNY is worth 5 or 10 EPT or EPTNF. But this will also be reflected in the price to buy it.
 
The only thing that changes is that since Epitan is now sponsoring the EPTNY stock, if you buy it, your actual name will be listed on the company registrar and you will directly receive company documents like quarterly results and such instead of having to go through your broker.
 
However, EPTNY is still not a level II ADR and you won't be able to get real-time quotes. Only daily, just like EPTNF .. unless you call your broker so that you can get the current ask and buy.
 
But, when Epitan finally does get a NASDAQ listing, two things will happen .. you'll be able to get real-time quotes and you'll be able to buy/sell at market prices instead of limit orders.
 
If this is incorrect, somebody please join in the discussion.
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