12-10-2013, 06:10 AM
'RacerX' pid='33724' datel Wrote:
'kevinh' pid='33721' datel Wrote:I know what Bloomberg says, I'm saying Bloomberg's numbers could be off regarding Toro's stake. Their 13-G suggests they hold 7.5M ADRs, not 7.5M common shares, which is also what morningstar indicates.
Toro's 13G Filing: http://www.secinfo.com/d12TC3.x1Qm8.htm
They have 7,591,695 class A shares (which is equal to 1,518,339 ADR's) out of 151,833,654 total shares.
The document states:
Under the Securities Exchange Act of 1934
NQ Mobile Inc.
(Name of Issuer)
American Depositary Shares each representing five Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
| (d) |
Title of Class of Securities: American Depository Shares each representing five Class A Ordinary Shares, par value $0.0001 per Ordinary Shares (the “Securities”). |
What am I missing here? The SEC doc states they own 7.6M ADRs.