In Their Final Days The ADRs Of Allied Irish Banks Are Still Overpriced, Will Be Redeemed Friday For $1.22
- The ADRs of Allied Irish Banks will be redeemed this Friday for $1.22.
- Nevertheless the ADRs opened this morning at $1.27.
- Anyone holding the ADRs should sell at current prices rather than waiting for redemption.
- The shares are a potential short.