Interesting.. it looks like Bank of NY Mellon is needing to create additional ADR shares to meet the demand. Not sure what the $5 price level would mean though since I would imagine the only way new ADR shares can be created is by purchasing AVH shares at market.
Getting this without any PR information explaining it from the Company is really bad PR imo. From the face value of my two cents it looks like the Company is adding 200million shares to its outstanding shares, while this seems to say that the for this issuance the maximum value of proceeds allowed is 10million at $5 per share so that means 2million shares of dilution is to be expected in the short term.
Having this drop without any news about Nasdaq uplist is really bad pr imo. I am curious about what everyone else thinks about this, but i am kinda wishing I sold today..
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