Jan. 22 at 2:56 PM
$SYAXD
FWIW
I appreciate Blazerfan123’s efforts to get the word out on the ELVR ADR.
But I’m trying to keep the confusion to a minimum on this security which has been huge given the merger, reverse split, name change and addition to the NASDAQ.
First…. regarding the comment about pink sheet stocks being hard to trade.
At face value there is truth to this basic statement but there is more to the story.
Essentially your SYAXF stocks are OTC ( over the counter ) common shares TRADED OFF AN EXCHANGE.
So yes they will appear hard to trade IN THAT STATUS (pink ).
So simply put, at some point you will have to CONVERT TO EXCHANGE TRADED SHARES.
And yes the ADR he mentions is one option. This puts you on the US NASDAQ and your shares are underwritten by NYB Mellon.
BUT….. and heres the important part. You can also have your broker convert your shares directly to ASX exchange shares at any time.
And the ASX is the actual exchange for ELVR.
So you can get ROI either way.