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 !
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Is that meant to be a serious comment big block ?a) ADRs are...
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