ADS:
"A U.S. dollar-denominated equity share of a foreign-based company available for purchase on an American stock exchange. American Depositary Shares (ADSs) are issued by depository banks in the U.S. under agreement with the issuing foreign company; the entire issuance is called an American Depositary Receipt (ADR) and the individual shares are referred to as ADSs."
Read more: http://www.investopedia.com/terms/a/ads.asp#ixzz1gSgNINR1
In case of AUXY this means:
1 ADR costs 5$ and a maximum of 500K ADR ($2500000 / $5) can be offered in a single trade.
If 1 ADR is US$5 or AU$5 then 1 ADR must be a 100 common shares (ADS) each and a total of 5 billion shares (ADS), right?
T.R. Winston & Company (Bank & Broker) is offering 500 ADR for $4 each since the 30th of Nov
...no activity, yet.
Please correct me, if I got it wrong.
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