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DewDiligence

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DewDiligence

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Re: acgood post# 70475

Monday, 12/22/2008 3:27:15 PM

Monday, December 22, 2008 3:27:15 PM

Post# of 257253
PGLA – The Nasdaq-traded shares are technically ordinary shares rather than ADR’s and hence they qualify for the repurchase program. On the other hand, the company’s Nasdaq listing appears to be for bragging purposes only. Just for the heck of it, I looked at the Level-2 screen; conclusion: the market makers don’t have any inventory of this stock and don’t want any.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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