Billionaire Thomas Peterffy Invests in Crypto,23 Jul 2021 16:24
Says There's a Chance It Could Be 'a Dominant Currency' Thomas Peterffy, founder and chairman of a major online trading platform, Interactive Brokers (Nasdaq: IBKR), revealed in an interview with CNBC Wednesday that he has invested in cryptocurrency.
Level-III ADRs are similar to level-II issues in terms of reporting requirements and listing on U.S. exchanges. However, foreign companies issuing level-III ADRs can also raise capital through a public offering of the ADR within the United States. This additional step requires the company to file a Form F-1 with the SEC to properly register the public offering.
Level III is the highest and most prestigious level that a foreign company can sponsor. A foreign company at this level can float a public offering of ADRs to raise capital from American investors through US exchanges.
ADSs are meant to facilitate trading of the shares. They can trade over-the-counter (OTC) or on a major exchange such as the New York Stock Exchange (NYSE) or the Nasdaq (Nasdaq), depending on how much the foreign company is willing to comply with U.S. regulations.
Pearls, you haven't addressed SGI's loan defaults which you deem OK despite it happening twice and Phoenix having SGI by the short & curlies. You really need to do some research if you think Argo will default on a loan, but that's not what you do going by your "investments", HBR, MTC, SGI, DEBS etc, you must stop sniffing your stamps.
So now you are saying loan covenant breaches (TWICE) aren't as serious as you wrote? Phoenix own any money that may come SGI's way they are not a charity, nothing for investors here. BTW Argo aren't in breach of any loans so epic fail, time to hand back your Brownie Troll badge.