"foreign board" shares

[Guest ka1234]

I have shares in a thai company that I recently wanted to sell. My bank came back to me and told me that I can not sell them because there is no trading. There is _a lot_ of trading of the stock in question on the SET, but the bank claims that because mine are registered as "foreign shares", they can not be sold on normal SET main board where all trading currently takes place.

After reading on http://www.thaivisa.com/local_foreign_shares.0.html it sounds like my bank is full of b-s. A quote from this article:

"Finally, remember that (F) shares can always be sold on the local board (L) so there is never a risk at all in converting your Thai stocks into (F) shares.  Just tell your broker these are (F) shares when you give them the sell order."

Who is correct? The author of this article or my bank?

[Nathan@Thaistocks]

Sounds like your bank (or broker?) is full of BS.  First give the order to convert to Local shares and then give the order to sell, both can be done at the same time.

Nathan

Thaistocks.com

[Guest ka1234]

Ok, thanks. That's what I told them (but in harsher words) on friday, but I had to make sure. (Yup, it is a bank/brokerage. A European bank that does both.)

[Guest ka1234]

The bank finally figured out how to do. I got rid of 26k BH for B66 (bought at 5.20 in 1999  ). Just in time...