Why IMU is a multi multi bagger, page-20212

Hi Castaway...

OTC's (Over the Counter) are sometimes called Pink Sheets and a pretty much penny stocks that are not listed on a main US exhange (such as NASDAQ).

The price difference is usually the exchange rate and the price may follow the ASX price (in this case, but as mentioned volumes are low).

There has also been talk of dual listing on the US NASDAQ for this to happen the US share price must be $1 (I think). That doesn't mean the ASX price needs to be reflective of that because...The NASDAQ listing will likely be for ADR's which is a collective parcel of shares (lets say 20x ASX shares).So the collective parcel of 20x ASX shares (or 1x ADR) will cost AUD$2.40, which is about USD$1.80.There will be a US bank that buys ASX stock as an intermediatary (possibly Bank of New York Mellon). They convert the ASX share to ADRs.BNYM will need to buy a lot of ASX shares to cover the probable interest in any IMU NASDAQ listing. They will likely need 5-10% of the ASX stock just to start. Which will destroy many price walls leading to an immediate price rerate.


STW