Ann: Prospectus, page-99

Not disagreeing there. But how does APT valuation effect ISX holding on a totally different exchange?

This is not an argument about because APT or Z1P are in excess of fundamentals that the ISX SP will also be.
This is about shareholders having a REASONABLE valuation and therefore reasonable expectation of the future. Its not $1.07 or $10.7.

(Obviously by the posters question there are alot of holders that do not understand the simplicity of this being a totally new listing and therefore new market valuation)

If it lists above the fundamental value that is a bonus.
But if shareholders are expecting it to list above (at $10.7 or above) it will not end well for them.

Most understand that short term paper losses is a very high chance of occuring but the chance for the company to grow is the silver lining.