Each new shares on the OTCQX are equal to 100 shares ASX and the company has to purchase them on the ASX to fill any orders on the OTCQX so I would hope this will be a positive on the local market. The hope is that the shares will be over 10c by October 31st. when the 40 m 10c OB's become due and this will give them the capital required for the ongoing works.
This is only my opinion and I hope I am close to the mark.
- Forums
- ASX - By Stock
- TEX
- adr's
adr's, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)