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

To: Patsy Collins who wrote (9747)	11/17/1998 1:14:00 PM
From: steve kammerer	Read Replies (2) \| Respond to of 22640

Patsy, In the posting Steve Fancy made a couple of days ago it was said that NO odd lots or fractional ADRs will be distributed. Therefore the number of shares, if any, you will get are dependent on shares you own. For example, to get 100 shares of TBE (Tele Leste Cellular Participacoes SA) you would need to own 5,000 ADRs of TBR because you get .02 shares of EMT for each share of TBR. However, for each share of TBR you own you will get 1 share of EMT (Embratel Participacoes SA). Therefore you will get 100 shares of EMT for each 100 shares of TBR. Any odd lot portions will be cashed out. Hope this helps. I only found out after I split my holdings between TBH and TBR last week. stevek