Been a while since i posted here but i got something today from Ameritrade that i really didn't understand. Hurray holdings is holding an extraordinary general meeting of shareholders concerning the repurchase of ordinary shares or ADS representing ordinary shares of the co thru open market transactions. The ADS ratio is 100 ordinary shares to 1 ADS. what exactly does this mean? that at any time they want my stock, they can buy it from me regardless of if i want to sell it?
Posted by Racer007 on :
Yes there are ways they can get your stock even if you do not want to sell.
I hold a certificate in a company that went private and the cert is worth whatever the buy out was. But I have no voting rights any longer.