ALCRY-A billion barrel equivalent of natural gas Message Board

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Gold/Mining/Energy : ALCRY-A billion barrel equivalent of natural gas

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To: Patentlawmeister who wrote (8)	7/15/1999 8:37:00 PM
From: LT	Read Replies (1) of 22

1. why has the ticker symbol changed to ALCRE The stock is facing de-listing by the OTC:BB [NASDAQ] unless it files the needed paper work with SEC to make it a "reporting company". Rule changes [SEC rules] within the OTC:BB stocks, require this. Those stocks not up to snuff will be forced to wave bye bye to their OTC:BB listings. The SEC is going after the companies out of compliance in Alphabetical order. Thus ALCRY is head of the list also ALFN facing the same fate. The stocks have 30 days to get into compliance. The "E" letter designation indicates this. ALCRE, ALFNE etc. 2. Why is this stock in the doghouse, having lost about 40% in the last few weeks Share holder concerns about the company actually being able to meet SEC paper work requirements, would be the largest thing, I would guess, it concerns me. 3. What is an ADR anyway? American Depository Receipts (A.D.R.s) Certificates issued by a U.S. depositary bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One A.D.R. may represent a portion of a foreign share, one share or a bundle of shares of a foreign corporation. If the A.D.R.'s are "sponsored," the corporation provides financial information and other assistance to the bank and may subsidize the administration of the A.D.R.s. "Unsponsored" A.D.R.s do not receive such assistance. A.D.R.s carry the same currency, political and economic risks as the underlying foreign share. Arbitrage keeps the prices of A.D.R.s and underlying foreign shares, adjusted for the SDR/ordinary ration essentially equal. American depository shares(A.D.S.s) are a similar form of certification. Regards LT

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