Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.450

+4.8%

Jan 27 3:48 PM EST

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To: jeremy smith who wrote (1447)	4/4/1998 2:45:00 PM
From: Michael Burry	Read Replies (1) of 22640

As an aside, I was really interested to read on this thread that the Brazzos say there WILL be level 3 ADRs on all 12 TBR spin-offs. Far be it from me to argue with them, but I am very very doubtful of this. Possibly we might see a level 1 "pink sheet", but full NYSE listing???? I don't think so! Not so much an aside. This IMO is fairly critical. If I'm going to own NYSE stocks vs. pink sheets, I want to know why. Look at ELAMF and DSWLF to see how foreign small stocks are treated off the NYSE. Could you help me understand why you think this? Thanks in advance? Mike

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