I have some questions on a full Nasdaq listing, tried Google but can't really find answer so I hope some others have experience:
So far we have swapped from OTC to Nasdaq level 3? It's currently trading at 51c US or approx 66c AUD which I don't get as I thought we were 40:1 on OTC? (although it just seems to sit there untraded?)
So a full Nasdaq listing is minimum sp $4US (?)
Is a full Nasdaq like an new IPO with new shares issued?
Is there a delay ie trade halt and if so for what period?
Would it dual list, or could they de-list ASX to re-list Nasdaq?
The only info I found was re going from OTC to FULL Nasdaq :
"Your brokerage firm (Scottrade, Etrade, etc.) or your post office will keep you informed of any special changes or actions you must take but usually, no action is needed on your part. Your shares will automatically convert into the new ticker symbol traded on the Nasdaq or major exchange.
Traders call this a jumper. Your shares will gain in value and they will automatically start trading on the NASDAQ."
Of course I would like to believe the last bit .. any one experienced a full Nasdaq or dual list before?
AJX Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held
