Thanks for the info....

Thanks for the info.

http://www.cgsh.com/files/News/54b0...gs in the United States (October 1, 2012).PDF

According to that doc:

For ADR with alternate listing standards, requirements are:
(i) to have pre-tax earnings from continuing operations, after minority interest, amortization and equity in the earnings or losses of investees and as adjusted for certain specified items,165 which totals $100 million in the aggregate for the last three years (with a minimum of $25 million in each of the most recent two years);166
(ii) for companies with a total worldwide market capitalization of not less than $500 million and revenues (in the most recent 12-month period) of $100 million, to have aggregate operating cash flow (calculated in accordance with NYSE specifications) for the last three years of at least $100 million (with a minimum of $25 million, as adjusted for certain specified items, in each of the two most recent years); or or
(iii) to have not less than $750 million in total worldwide market capitalization (with not less than $75 million in revenues in the most recent fiscal year).

So as far as I can see, AJX doesn't qualify for this standard.

A foreign private issuer can also elect to qualify under the NYSE’s domestic listing standards, which impose substantially less stringent financial tests but require a minimum of (i) 400 U.S. holders of 100 shares or more (or of a unit of trading if less than 100 shares), minimum share price of $4.

AJX probably qualifies for this one after the placements with US instos?

Domestic Listing Requirements:

(i) to have aggregate pre-tax earnings from continuing operations, after minority interest, amortization and equity in the earnings or losses of investees and as adjusted for certain specified items, over the last three years of $10 million in the aggregate together with $2 million in the two most recent fiscal years and positive amounts in all three years, or at least $12 million in the aggregate together with a minimum $5 million in the most recent fiscal year and $2 million in the next most recent fiscal year; or Under the domestic listing standards, the NYSE also requires companies to meet one of five alternative financial standards (determined under U.S. GAAP) based on earnings, operating cash flow or global market capitalization, as follows:
(ii) for companies with a global market capitalization of not less than $500 million and revenues (in the most recent 12-month period) of $100 million, to have aggregate operating cash flow (calculated in accordance with NYSE specifications) for the last three years of at least $25 million (with each year reporting positive cash flow amounts);
(iii) to have not less than $750 million in total worldwide market capitalization (with not less than $75 million in revenues in the most recent fiscal year);
(iv) for companies that have a parent or affiliated company listed on the NYSE, to have not less than $500 million in total worldwide market capitalization, not less than $60 million in public market value, and an operating history of at least 12 months; or
(v) to have not less than $150 million in total worldwide market capitalization, total assets of $75 million and total stockholders’ equity of $50 million.

Not 100% sure if AJX qualifies for that either.

Can't find any other info on ADRs now, feeling sick gonna take a break.