raising funds via bank of ny mellon, page-3

yes, misinterpreting chook

BNYM buys PRR shares here.

They then bundle those shares into ADRs (by whatever ratio).

They sell those ADRs on the NASDAQ.

I expect that the value of the PRR shares bundled in those ADRs will (perhaps significantly) increase in price when sold on the NASDAQ.

Therefore the price paid by BNYM to purchase PRR shares here, compared to the likely appreciated price of those PRR shares when sold on the NASDAQ (as bundled into ADRs), should realise profit, and perhaps significantly so.

So, my question is, will BNYM keep all those profits, or will they be shared with PRR?


good luck