Sep. 22 at 10:08 PM
$SYAXD
Guys, Guys, Guys!
Your shares are not worthless.
I trade BYD the Chinese EV maker.
You have 2 options OTC or ADR. The OTC is BYDDF ( F= foreign ). It closed at
$14.02 USD. BYDDY is the ADR. It closed at
$13.98.
I’m not going to go into the reasons for the .04 difference.
The point is they trade very closely and they BOTH HAVE VALUE.
In simple terms, OTC is trading outside of a major exchange. You are exchanging a real share but directly between 2 parties through a broker.
SYAXF was OTC.
Now for ADR. The name pretty much explains it. American Deposit Receipts. In simple terms you now have a bank involved. The bank buys and holds an underlying share in its name and replaces it with a certificate that trades on a US exchange.
Lots more to it, but you can research pros and cons on your own.
ELVR is the ADR traded on the NASDAQ.
You DO NOT have anything to do with this. Remember, these are bank certificates not the actual shares.
To be continued…….