The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: PhilC who wrote (81745)	12/22/1999 1:16:00 PM
From: stomper	Read Replies (1) of 90042

Phil: re: Marconi ADR'S, i agree wholeheartedly...and as an aside i've asked around at a few threads, to my live broker and father about what will happen to the ADR's if/when MNI goes for a US board listing. No definitive answers but the majority consensus seems to be that they will either trade the ADR's as they are now or simply qualify the AFR's off the pink sheets by satisfying nas filing requirements, so i'm still not sure...either way i also think they are a steal. Interstingly, i also read somewhere that the sponsor investment house has to have the underlying stock on hand "in suppost" of the ADR's, not sure if that's true or not.

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