J. P Morgan Chase is dropping Panasonic from their ADR...Maybe

Cabin1111 said:
I called Fidelity this morning...Then I'm heading back to sleep (CA time).

As of yesterday, my shared got converted to the unsponsored version...It looks like no fees were involved and no partial shares to deal with.

I asked about volume of trade...It is all over the place and lighter that before.

I asked about the current bid/ask. The service person (at the international desk) said that there was a 3 cent difference between bid/ask.

So it has been done...Live with it. As someone said above, come tax time, treat it as a merger.

Happy dreams in California...
More...
Thanks for the update. Sleep well
 
Did some research...PCRHY is the new symbol.

It is on the Pink Sheets/OTC...

Pink sheets are usually not good. We do know there is less accountability toward stock holders. It all depends on who J.P. Morgan used...

A fair amount of volume...But no bid/ask as I look.

I believe you should never be in a hurry to sell ANY pink sheet stocks. Watch your exit carefully.

If you really wanted to own Panasonic, I would buy the stock on the Tokyo Exchange...

Just me...
 
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