Oct. 2 at 5:11 PM
$DRSHF I called an international Fidelity agent and verified DRSHF has the SAME registration as ASX:DRO. If DRO was involved in creating a US specific security it be a "secondary security" and have a different registration.
AI Response:
DRSHF as an unsponsored ADR: DRSHF trades over-the-counter (OTC) in the U.S. as an American Depositary Receipt (ADR), which bundles shares of the foreign (ASX-listed) company for easier U.S. trading. It's unsponsored, meaning a U.S. depositary bank (like a broker-dealer) created it independently, without DroneShield's involvement, consent, or oversight. This is common for foreign stocks with U.S. demand but no official U.S. listing. The ADR typically represents a ratio of underlying ASX shares (though exact ratios can vary and aren't always publicly detailed for unsponsored ones).
Legitimacy for U.S. citizens: Yes, absolutely—DRSHF is a legitimate security regulated by the SEC and tradable through U.S. brokers.
BUY THE FEAR!
