$ASLN have they went completely bankrupt? What’s the latest news? This is glitching my Robinhood account and showing me down $725 every single day, Robinhood said they can’t remove it because they are still working on compliance but it has been froze forever. I am just tired of my account looking like I’m down every single day. Oh and there is a kicker, it switches on Robinhood randomly so I jump back and forth from $725 down to whatever my true position is on all my other investments.
$ASLN News 15/04 08:02
ASLAN PHARMACEUTICALS LTD
HC Wainwright & Co. analyst Yi Chen reiterates ASLAN Pharma (NASDAQ: ASLN) with a Buy and maintains $9 price target.
$ASLN If anyone is tired of waiting for something to happen, I would be happy to buy your shares from you at $0.60 (the close on the last trading day). DM me for details. I'm short and while I'm not paying very expensive borrow I would like to clear this off my books and move on.
@Janedo @SQUEAKSBANDIT To summarize my understanding of a frustrating conversation w/ broker, we need to elect to tender ADR shares or let the tender offer expire. If the offer expires, the agent will close the ADR position & attempt to sell the shares & remit whatever cash they obtain to the holder. If you tender the ADRs, you'll receive 250 shares for each ADR but can't sell them without going directly to the broker. On your behalf, the broker can attempt to sell the shares on a "best-efforts" basis by locating a foreign broker to execute the trade, but there are no guarantees they'll be able to sell the shares. Per the offer terms, if you tender your ADR shares, there is a cable fee of $15, a cancelations fee of $.05 per ADR (rounding off to nearest 100 shares surrendered) and a voluntary $25 corporate action fee. While I liked the opportunity here, I think managing this position & the tax reporting will be more trouble than it's worth and comes with yet another charge. $ASLN
$ASLN would it benefit us in any way to convert to ordinary shares?
could they even be held in a standard us brokerage account?
do the ordinaries currently trade in Singapore?
