something else that is odd, page-10

Sergeant wrote:

"Nightspore,
ADR or American Depository Reciepts are managed by the Amirican counterpart, in this case Bank of New York."

I know. If you read my initial post you will see my mention of the Bank of New York.


"I would suggest that if you have not sold them then you will own the unbundled version, ie Australian shares, but with the BoNY as the registered address."

Nope. I always make sure I get a US share certificate. No one can sell my shares without it. That's one of the reasons I bought into the US version in the first place: I loathe the ASX rule where a non-performing company with a plummetting share price can suddenly sell your shares without your permission just because it's become an "unmarketable parcel".

"As a thought, this might be a reason why the stock has been so weak over the last 2 mths. If the BoNY is unbundling the ADR's they may also have been selling them down in the Australain market, hence the weird lots of 300 and 500 share sales."

Yes, that is what I was implying.

"If that IS the case, then you will have a cheque coming to you in USD, I presume...."

No, I may not be able to trade my ADRs any more, but they are still mine until I surrender the certificate,which I won't be doing until Dioro's share price is a LOT higher.