Q: In your April 20th response to Mike regarding FLTR, you said "We are not sure the company will list an ADR yet". I came across PDYPY which appears to be a FLTR ADR trading on the OTC market. It appears as if the ADR is .5 of a FLTR share.
- Is this correct?
- Is it possible to elect to receive the PDYPY ADR shares instead of the FLTR shares to avoid the excessive trading fees of buying and selling on the LSE?
- If so, are there downsides to owning the ADR other than making sure you put a limit price on any trade?
- I also noticed a PDYPF that appears to be FLTR shares trading on the OTC market but does not appear to have any trading volume. What is this and how does it compare to the ADR?
- if we can not elect to receive either of these in place of the FLTR shares and still want to be exposed to FLTR but not own LSE listed shares, I assume we would need to sell the TSGI shares in advance of the deal closing in May and buy one of these?
- which one would you recommend?
- will TSGI announce the closing date well in advance so those that want to sell have plenty of time?
Sorry for all the questions but I am confused and am hoping you can explain.
Many thanks
Scott
- Is this correct?
- Is it possible to elect to receive the PDYPY ADR shares instead of the FLTR shares to avoid the excessive trading fees of buying and selling on the LSE?
- If so, are there downsides to owning the ADR other than making sure you put a limit price on any trade?
- I also noticed a PDYPF that appears to be FLTR shares trading on the OTC market but does not appear to have any trading volume. What is this and how does it compare to the ADR?
- if we can not elect to receive either of these in place of the FLTR shares and still want to be exposed to FLTR but not own LSE listed shares, I assume we would need to sell the TSGI shares in advance of the deal closing in May and buy one of these?
- which one would you recommend?
- will TSGI announce the closing date well in advance so those that want to sell have plenty of time?
Sorry for all the questions but I am confused and am hoping you can explain.
Many thanks
Scott