just remember directors have lost hundreds of , page-4

Is that meant to be a serious comment big block ?

a) ADRs are receipts issued in the US for Australian shares. All ADRs are backed by AU shares held in a nominee account.

b) ADRs are the equivalent of equity in the exact same entity as holding shares listed on the AU exchange.

c) The US entity is a wholey owned subsiduary of the AU public entity.

d) Owning ADRs in no way shape or form entitles ADR holders to a greater percentage of US assets than AU shareholders.

e) Both AU shareholders and US ADR holders appear to be equally screwed !