AKK 0.00% 0.3¢ austin exploration limited

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  1. 72 Posts.
    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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