InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,335.00
(
1.21%
)
Post# of 2607
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

nsomniyak

Send PM Follow Ignore
Followers 293
Posts 21244
Boards Moderated 18
Alias Born 07/25/2003

nsomniyak

Member Level

Re: Dvdntrs post# 2363

Friday, 01/29/2021 7:21:26 PM

Friday, January 29, 2021 7:21:26 PM

Post# of 2607
CCIHY can not ASSIGN a new clearinghouse. They have to negotiate with a bank etc. to so so and pay them for it. This will take time.

I would hope they do that, but I doubt the leaders of the Chinese company really care much about what happens to US ADR holders.

The problem is that I don't think we can hold on to ADRs assuming they will be transferred to a successor clearing house. Form everything I have read, they will be liquidated.

I got something today from the reorganizations group a Schwab (my broker). I am still trying to figure out what my choices are but they don't look attractive at first glance.

If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up