He owns 14.67% of the company. Where his holdings are domiciled is largely irrelevant given he has the ability to be able to shunt from one market to the other in a matter of days.
My guess, and that's all it is, is that him and his mates are buying on the ASX because they cant get any volume on the Nasdaq without pushing the price through the roof.
Easy enough to shunt if you have the right broker, and they do.
Not familiar with tax implications for US domiciled holding ASX shares. Bound to be reason why they would prefer US domiciled.
Again, if was a betting man, I would bet that if FDA approval is received, for anything, the % of ADR's will hit 50%.
He owns 14.67% of the company. Where his holdings are domiciled...
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Last
$1.18 |
Change
0.030(2.61%) |
Mkt cap ! $1.347B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.19 | $1.14 | $9.588M | 8.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 113915 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 81953 | 8 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$1.18 |
Change
0.030 ( 2.82 %) |
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| Open | High | Low | Volume | ||
| $1.14 | $1.20 | $1.14 | 1665531 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| MSB (ASX) Chart |