Curious too, is the announcement that Qantas has upgraded their ADR (American Depoitory Receipts) status from ADR to ADR Level 1.
This I expect, is to increase their shares exposure to the US, and although they will not trade on the New York Exchange or the Nasdaq and only through brokers or "across the counter", I can't help feeling that this has been left very late to do.
The staff dealing with this would have started weeks ago as it's a 8-12 week process and I'm wondering why now?
Anyone......?