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Re: ozfoggy post# 544

Thursday, 05/19/2011 12:35:12 PM

Thursday, May 19, 2011 12:35:12 PM

Post# of 4434
QSURF isn't an ADR. An ADR is a separate security that typically bundles a number of foreign shares into a security that can be traded in US. For examole, there is an ADR for Lynas that represents 10 of the Australian shares. QSURF is simply the pink sheet designation for one share of stock in Quest. When you buy one QSURF you own exactly the same security as someone who bought one share of Quest on the Toronto exchange. When I buy shares of QSURF through my Schwab account the order is typically filled in Toronto because the volume there is so much bigger. Starting Monday, your account should automatically show shares in QRM instead of QSURF. Since the underlying share is still in a Canadian company, your US account will continue to give you the US$ equovalent of the Toronto Canadian $ amount.
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