I was just wondering about this. What is the advantage of a duel listing apart from exposure to more investors and doesn't that mean they are exempt from some asx rules? Just wondering why an american company would list on the asx? Super glad they did but would it have anything to do with the volatility in American politics and our exchange having stability. Also will their profit figures for products multiple countries be converted to US dollars or Australian? I dunno maybe that's obvious to you guys but I'm still learning. If US and Aussie dollar move closer to parity is this a good thing because the company is listed on the asx or does it mean jack.
By the way I loved that reference to a McDonald's hamburger someone posted earlier. The relish made by someone else but flies unde the McDonald's brand... jog it in son. I'm invested in a company called RFT and these guys make various components for among other things a lithium battery storage device. I love the idea of lithium but there's so many companies out there but the guys developing the tech to store lithium might be a bit of a winner especially when solar battery storage units are more common in house holds.
Likewise I invest in another company called DRO. I though man drones are going to take off with pizzas being delivered, bush fire tracking, a form of travel..but which company... the one that defends against them... Que in Droneshield anyway a few weeks in I'm 60% up... the best thing is I'm going to use the cash from that stock to buy a DJI mavic Pro drone.
Boom!!! Cause that's how I roll.
SYT Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
