Creative Labs (CREAF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

+11.2%

12:12 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris Sholler who wrote (7858)	1/8/1998 9:49:00 AM
From: Jon Tara	Read Replies (2) of 13925

Chris, there is no such thing as an "ADR offering". I'd suggest that you do some research and learn just what an ADR is. The shares were issued in Singapore and trade there, on the SES, as Creative 50. Every one of them. There isn't one share of Creative 50 trading in the U.S. Not a one. Nada. Creative 50 shares account for every last share ever issued by the company. So, how does CREAF trade in the U.S.? A big bank in New York holds shares of Creative 50, and issues certificates called American Depository Receipts, or ADRs. An ADR attests to the fact that the big bank is holding shares of Creative 50 in trust for the holder of the ADR. The ADRs are freely tradable on NASDAQ. Approximately 60% of the Creative 50 shares are held in trust by the big bank in New York, backing-up ADRs. The rest of the shares trade on the SES or are held by insiders.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next