Replies to post #2363 on ChinaCache International Holdings Ltd (fka CCIHY)

[thesmallguy]

I put up for .04 an didn't get filled

[pennypauly]

Poor people who listened to the negative nellys

[nsomniyak]

CCIHY can not ASSIGN a new clearinghouse. They have to negotiate with a bank etc. to so so and pay them for it. This will take time.

I would hope they do that, but I doubt the leaders of the Chinese company really care much about what happens to US ADR holders.

The problem is that I don't think we can hold on to ADRs assuming they will be transferred to a successor clearing house. Form everything I have read, they will be liquidated.

I got something today from the reorganizations group a Schwab (my broker). I am still trying to figure out what my choices are but they don't look attractive at first glance.