E*Trade. I can honestly tell you that there is NO DIFFERENCE in my ability to trade since the move.
With that said I think it is ERHE's responsibility to make the ADR thing happen. If ERHE WANTED to they could move the listing to AIM and delist on the OTC.
But c'mon, sure nobody thinks THAT will happen. That would be stupid and these guys aren't stupid.
Even if they did do that I can still make AIM trades via E*Trade, I just have to do it over the phone and it costs more.
Rocketman - Be Careful you are talking about two different senarios:
1. The Company that Tryoto is talking about is Worldgaming. WG joined the AIM in 2005 but also maintained it's listing on the OTC BB. All shares listed on the OTC were converted to ADR's and are still traded by the Original Brokers (100 % Transparent.)
2. If the Company joined the AIM and did not remain listed on the OTC those same brokers can "NOT" trade the shares on the AIM. Why because there was never a conversion to ADR's. You would have to open a Bank account in the UK and sign up with a European Broker. Not the easiest thing to do but possible.
The Institutional ownership that Tryoto mentions is accurate.
Before you can Join the AIM you need a sponsoring company also called a NOMAD. In the case of WG it's Nomad was Daniel Stewart a UK Investment Banking firm.
Good Investing and Beware of the "Meridian" I counted at least 14 times that he changed his story from his 1st appearance on IHUB about a month ago.
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