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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (9713)	11/16/1998 9:18:00 AM
From: steve kammerer	Read Replies (2) \| Respond to of 22640

Steve, if TBR is not going to distribute odd lots, then one would have to have at least 5,000 shares of TBR ADRs in order to get stock in all 12 baby bras. EX. 1 TBR ADR = .02 TBE (Tele Leste Celular. It therefore takes 5,000 shares of TBR ADR in order to have enough to obtain 100 TBE. This will wipe out small investor from quite a few of the baby bras since not that many of us will have sunk $500,000 into TBR (avg for when TBR = $100) I was sort of hoping to have some of all 12. Any comments? stevek