News Focus
News Focus
Followers 47
Posts 7875
Boards Moderated 0
Alias Born 07/19/2006

Re: masc2279 post# 71938

Sunday, 07/13/2008 1:38:26 PM

Sunday, July 13, 2008 1:38:26 PM

Post# of 76910
Yeah that's a good example of an ADR. Some of the world's largest foreign companies trade on the pinks. The problem with listing on the big board is that they have to be SEC reporting and follow US law. That sucks since you have your own country's law to follow. Accounting would have to be done twice to satisfy GAAP in the US. They'd also have to be Sarb-Ox compliant. It becomes too much of a bother and besides, they're trading on their own exchange anyway.


The most valuable commodity I know of is information

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today