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Well, CXSP is the ADR, and so my guess is that CXSFF is the real Australian stock (CXS on the Australian stock exchange).

Here's my speculation. They wanted to list in the US but didn't meet the listing requirements for any of the major exchanges. So they met the minimal requirements for the OTC BB.

Eventually the company improved, they had spare resources to spend on meeting the NASDAQ's listing requirements, and so they contacted an investment bank and got the ADR created. However the original stock still trades on the OTCBB (it would be like pulling the rug out from their early investors to delist it completely).

Theoretically, the two stocks should track. Unfortunately CXSFF trades so rarely on the OTCBB that the bid-ask spread there is huge, and so there are not many arbitrageurs (who would buy one place and sell the other place and force it to track).

It is much cheaper.

It also has almost no liquidity/volume, and thus a much worse bid-ask spread. Also 1 share of CXSFF represents a much smaller part of the company than 1 share of CXSP.
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