Clinuvel Pharmaceuticals (CLVLY)

[FarmaZutical]

Jest, my understanding about the ADRs is that they are
depository receipts that you get when you ask Bank of Mellon
to purchase one Clinuvel stock in Australia. You don't own the
stock per se, but you own a paper stating that you own the stock.

Hence, there can't be more shares out that what is listed on the ASX.
There is no designated ADR pool, to my understanding. Please correct me if I'm wrong.