http://www.irwebreport.com/daily/2008/10/28/hundreds-of-non-us-companies-targeted-for-unsponsored-adrs/ | Investor Relations Web Best Practices, Trends and News Fri, 12 Mar 2010 16:18:02 +0000 http://wordpress.org/?v=abc hourly 1 http://www.irwebreport.com/daily/2008/10/28/hundreds-of-non-us-companies-targeted-for-unsponsored-adrs/#comment-880 John Germinario Fri, 06 Feb 2009 01:27:01 +0000 http://www.irwebreport.com/daily/?p=716#comment-880 The creation of unsponsored ADR programs by the banks brings the evolution of Depositary Receipt Products back 23 years when unsponsored ADR programs were voluntarily consolidated to sponsored level one programs. The SEC's intent to relax the filing requirements of potential Level one programs is to create level one programs and not for the banks to re-create an international Corporate and Shareholder disorderly market that unsponsored ADR's caused prior to 1985. The ramifications of owning unsponsored ADR shares as a global investor is extremely risky and to the Corporation that the programs was created mostly without its consent will cause outstanding pressure with shareholder relations globally. Company's that have unsponsored ADR Programs should demand that the banks cancel the program immediately. The ADR System is fragile as it is and exacerbated by the creation of these potentially damaging programs. The creation of unsponsored ADR programs by the banks brings the evolution of Depositary Receipt Products back 23 years when unsponsored ADR programs were voluntarily consolidated to sponsored level one programs. The SEC’s intent to relax the filing requirements of potential Level one programs is to create level one programs and not for the banks to re-create an international Corporate and Shareholder disorderly market that unsponsored ADR’s caused prior to 1985. The ramifications of owning unsponsored ADR shares as a global investor is extremely risky and to the Corporation that the programs was created mostly without its consent will cause outstanding pressure with shareholder relations globally. Company’s that have unsponsored ADR Programs should demand that the banks cancel the program immediately. The ADR System is fragile as it is and exacerbated by the creation of these potentially damaging programs.

]]> http://www.irwebreport.com/daily/2008/10/28/hundreds-of-non-us-companies-targeted-for-unsponsored-adrs/#comment-879 Deluge of non sponsored ADRs now listed OTC « New Rules of Investing Sun, 09 Nov 2008 22:46:04 +0000 http://www.irwebreport.com/daily/?p=716#comment-879 [...] 9, 2008 · No Comments Very interesting post over on IR Web about the recent rush behind ADR banks listing hundreds of foreign firms OTC — non sponsored [...] [...] 9, 2008 · No Comments Very interesting post over on IR Web about the recent rush behind ADR banks listing hundreds of foreign firms OTC — non sponsored [...]

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