General discussion, page-17942

Hi there,

The $8:00 is the BOD's was the comparable price and was not something made up on HC way back in July!

https://stocknessmonster.com/announcements/ihl.asx-3A621383/

In addition, as per email from Joel

Thanks to @Rickali01

"I asked the Company for clarification on this point given we are now below USD4.00 per share (0.061 x 100 x 0.6358 = USD3.88 per share). Does this mean we will have to change the ratio and if so, does the documentation allow for changes to the ratio?

The response was clear.

• Minimum listing for the NASDAQ is USD1.00 per share.
• Our ideal listing price once we hit the NASDAQ is between USD4.00 and USD8.00 per share.

So - whilst we look like coming in below our ideal listing range (unless something changes which it could), unless the share price falls to 1.5 cents per share there will be no need to change the ratio."

https://hotcopper.com.au/threads/ann-ihl-scheme-booklet-registered-with-asic.7618997/page-27?post_id=70247153

In addition,

The theory is that the last asking price on the ASX will be the indicative price on the NASDAQ but the NASDAQ will determine the market price not the ASX moving forward.

Agree I think most would like to see some positive news but some of us would also like the really good stuff to arrive (if that's the way it works out) and be released after the NASDAQ listing.

Good luck @lou2931