Nov. 26 at 3:23 PM
$SYAXD
FWIW I went all in and bought a boatload when Sayona was at the bottom. This was to bring my DCA way down as I still believed in the company; I just had to adjust my time window.
I am staying put with OTC.
I am not trying to dissuade anyone from converting. It’s a personal decision.
My reason for staying is that bottomline, Elevra is an ASX stock. The ADR shares have to be bought and bundled off this exchange to be listed on the Nasdaq.
Banks don’t do this as a service, there are fees attached.
I intend to sell my current shares in the future in big blocks.
My broker will charge a fee for each block to convert the OTC shares and then sell directly on the ASX.
IMO the ASX is where the actual volume is.
Therefore I base my share value on the ASX price in AUD, not the OTC or ADR price.