RE: Wood and co11 May 2023 10:23
I think some of you are trying to convince yourselves there are only minor admin issues to overcome. Frankly, if the major platforms mentioned here are being so evasive, should you not read between the lines. They do not want to help you because of what the company is connected too by way of physical assets and nationality of the people involved. This is a hard truth that is going to have to be factored in from now for a generation. Add in the current interpretation of sanctions, potential future sanction issues and it is easy to see why the brokers simply don't want to get involved. I doubt there will be any forthcoming facilities for all the brokers except the one that POLY appears to be setting up an agreement with. And as with GDRs, expect that one to fall through too as other institutions refuse to cooperate when they realise what is being done.
I would also be extremely cautious with the certificate holding route. They will have been issued in an 'unfriendly' jurisdiction and may end up worthless bits of paper. You may find if they have value they can only be converted in person in somewhere like KZ, payouts like dividends restricted to KZ nationals and all manner of other issues trying to use paper certificates. And before you start, in person is not uncommon in order to check the certificates are genuine and the holder is identified to avoid money laundering and theft. There are many reasons why very few paper certificates are held by anybody today.