Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (55850)	9/28/2007 9:04:47 AM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

Sounds like LR delisted their ADRs and went to a pink sheet symbol where you can't get trading activity reported during the day. Several foreign outfits did that to avoid Sarb-Ox costs.

To: amoezzi who wrote (55850)	9/28/2007 9:31:40 AM
From: Fred Brack	Read Replies (1) \| Respond to of 118717

I had the same question regarding the change of symbol for LR to LFRGY, so I went to their website and looked in their "Press Room." Although the actual symbol change isn't mentioned, this August press release explains their intent, which was indeed implemented this week. (I had to contact ClearStation to get the symbol updated, and that has now been done.) 8/2/07 Lafarge announces intention to apply for delisting from New York Stock Exchange Euronext : LG, NYSE : LR Lafarge announces its intention to apply for the voluntary delisting of its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE). This delisting will be followed by an application to deregister under the Securities and Exchange Act of 1934. The delisting is expected to take effect in September 2007. The main reasons behind this decision are as follows: Lafarge notes recent changes, in particular the merger of the New York Stock Exchange and Euronext. Lafarge is listed on Euronext, where the average trading volume has accounted for close to 99 % of trading in its securities. Lafarge ADR trading volume has remained very low since 2002, accounting for around 1% of the total shares traded over recent years (volumes adjusted to reflect the 1 share to 4 ADRs ratio). Lafarge was one of the very first European groups to be compliant with section 404 of the Sarbanes-Oxley act, attesting to the transparency and quality of the Group’s internal processes. Lafarge remains committed to maintaining high standards of internal controls and financial information. Lafarge intends to maintain its ADR program as a “level one” program, to enable investors to retain their ADRs. Fred