I contacted my broker on this very same issue. Here is what happened. You were contacted that you had two choices, either sell your shares or convert them to Irish Ordinary shares or you would be cashed out automatically as the ADR was going to be shut down. I did convert my ADR's to Ordinary shares. The ADR's were in fact shut down but what happened was that someone else sponsored a new ADR for this bank and they are using the same old stock ticker symbol. Which is what made it so confusing.
So, now you can own the Ordinary Irish shares or the ADR's. And her is the good tip. The Yahoo ticker symbol for the Ordinary shares has no message board but all the relevant news for thsi bank is at the Ordinary ticker symbol, not the ADR symbol. So, if you want to read what is really going on with the bank news wise, look at the Ordinary symbol ticker, not the ADR. And if you own the stock, read the Irish and British newspapers on the internet.
I have been all over the net, Don't see nada, Maybe a buyer Highest in 10 months, Something is happening , There will be a sell off for all those .60 cent buyers from November ,Please post if you hear !
Only news I could find was that AIB will be profitable, with most troubles behind them by 2014. But I am still trying to figure out why they forced me to move to AIBSF from AIBYY (I had to pay a lot of money for that because I had AIBYY in five different accounts)... AIBYY is still trading... they said it would not after April 2012.