Bought, not borrowed. JP Morgan is the "custodian" for all the ADRs. They hold the underlying shares in MSB and sell the ADRs which represent 10 MSB shares each. This is the only way to obtain MSB shares through NASDAQ.
https://www.investopedia.com/terms/a/adr.asp
Ann: Appendix 3Y for Eric Rose, page-12
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Last
$1.35 |
Change
0.020(1.50%) |
Mkt cap ! $1.541B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.40 | $1.34 | $3.562M | 2.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 17969 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |