Question: MBNKF (ADR) MTRO
Need some help please: am I proper f*cked or there is possibility to recover from the trade?
I own OTCMKTS: MBNKF shares in Wells Fargo Brokerage account. It's an ADR of the London Stock Exchange LON: MTRO. Metro Metro Bank Holding Plc in UK.
Just found out that June 7 2023 MBNKF was delisted. No notice. Nothing online about it either. However, Metro Bank Plc in UK is still in business and trading under MTRO with healthy volume with over 50% of shares owned by institutions ( the bank recently took a loss, but getting back to profitability).
Nevertheless, I called my Wells Fargo Brokerage customer service, which was utterly worthless. Was told the value is $0 and can not be traded. Period.
I also have Interactive Brokers account. Waiting to hear back from IB if they can transfer the ADR MBNKF and convert it to MTRO.
Any ideas?
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