Last Tuesday night / Wednesday morning (battery day) gave fantastic hints as to how listing in the OTC Market can influence the ASX listing.
If one rumour can lift the SP on the OTC Market from US$1.20ish to $4.88, and then for that sentiment to flow across to the ASX, despite the fact that the Battery Day event revealed no news for Novonix, imagine what positive/confirmed announcements are going to do.
When your core business is conducted in the US, then this will have a big impact on our market here.
As a wise old investor pointed out to me once, not many 'average' companies in the US have a SP under US$15
NVX OTCQX Best Markets how they work, page-38
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Mkt cap ! $350.5M | |||
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