MSB.ASX Monday 16 Nov, 2015, page-19

I agree that once things settle down, the ASX should pretty much set the value - most of the time anyway. However, the last time MSB traded on the ASX was 30 October, and at the risk of stating the obvious, the significant events that have been announced since had not been priced in at that time. As such, the most recent ASX price means little or nothing now.

The fact is, the company has now accepted a valuation of A$2.25 per share - probably reluctantly, but they accepted it, nonetheless. The last ASX price ($3.41) was more than 50% higher than that. Will people in Aus be willing to pay 50% more than the price accepted by the company in the US on Friday? That's certainly not something you would ordinarily expect to happen.