drh, While we all like to think that we can make some impact on...

drh,

While we all like to think that we can make some impact on trading I suspect however, not in this case. It is absolutely staggering that the MST ADS are firstly still listed and secondly that people are still trading in them. The underlying security for the ADS is conversion to MST Ltd stock, which as we all know is no longer listed and the Australian Shareholders have been formally told that they will recover nothing, also the Company is in liquidation so the ADS themselves are worthless. I would have thought that the authorities or OTC agents would have been advised of this by the Liquidator by now, I know there is a time lag before they stop trading. However, what is more amazing is to think that those buying the Ads appear not to have done any basic due diligence on the stock. Sadly for them when the stock does delist all they are holding is 20 MST ltd shares for each of their ADS only if the Company has not been wound up by then.

It is a pity that Companies no longer issue Share Certificates as they made very good wall decorations and some of us older traders had them framed and on display as a reminder of poor investment choices.