Thanks solusnauta. When you say 20 million shares to be released onto NASDAQ, do you mean 20 million PRR shares(which at 30:1 equals 666,666 PBMD shares) or 20 million PBMD shares(which at 30:1 equals 600,000,000 PRR shares)?
There is a BIG difference, and IMO 666,666 PBMD shares is nowhere near enough and would get snapped up in no time, whilst the alternative of 20million PBMD shares, or 600,000,000 PRR shares, would not leave many left for trading on the ASX.
Either way, I think its a nice problem to have, and should put upward pressure on the SP either here or in the US, which SHOULD translate to both share prices rising in conjunction with each other?
Its going to be verrry interesting indeed watching this play out.
PRR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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