For a better understanding of both look at the link below
https://accountinginsights.org/understanding-american-depositary-shares-a-comprehensive-guide/
Both involve U.S depository banks owning the BRK Australian shares
"Their responsibilities begin with the creation of ADS, where they hold the underlying foreign shares in custody and issue corresponding ADS to U.S." investors.
So its obviously to the Banks benefit to buy the Australian BRK shares at the lowest possible price.
Without having to repeat what has been previously written on here, it explains why the share price has failed to rise after numerous positive reports.
If the consolidation and U.S ADS listing were to take place after all 8 wells were in production and production figures and Net profits were released they most probably would NOT be able to buy at the present range of 0.009 to 1c p.s
BROOKSIDE has failed to disclose if the ADS are to be
SPONSORED ADS OR UNSPONSORED ADS
READING THE ARTICLE IN THE LINK ABOVE SHOWS THE IMPORTANCE OF THIS DISCLOSURE.
There are UPSIDES and DOWNSIDES that are clearly obvious once one reads the article.
And NO, i'm NOT going to respond to posters ,some of whom I consider to be rude,insulting and lacking any coherent mental facilities. They can go and do their own fact finding..I won't waste my time on them.
ITS STILL A NO VOTE FOR ME
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- Consolisation of shares SPONSORED ADS AND UNSPONSORED ADS VOTE NO
Consolisation of shares SPONSORED ADS AND UNSPONSORED ADS VOTE NO
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8 | 3978571 | 0.007 |
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Price($) | Vol. | No. |
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0.011 | 55076909 | 45 |
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