Sorry. I thought Msb was one of my CDIs
Msb is a dual listed company.
It's trading on the US on ADR basic 1:100 Msb.asx
PRE is a clear example of how to transfer from Asx to Lse.
https://www.asx.com.au/asxpdf/20210120/pdf/44rvsv1nf0xhjr.pdf
Pll allows investors to trade on 7/5 on a probation period.
Pll will remove its Pll.asx code on 17/5
Now I know why the sp is so volatile for the last 2 days.
Pll should suspend the trading for 3 business days due to huge amount of stocks will be transfer from Asx to Nasdaq.
The suspension date should be on the 14/5 before the delisting day, 17/5.
Because Pll allowed the securities to take effect on the 7/5 that was the reason why the stock was so volatile due to the lack of liquidity as the securities are transferring to Nasdaq .
PRE share price shot up from 24/2 to 19/3 so Pll will experience the same trading behaviour therefore It's best to buy dip and laugh all the way to Nasdaq.
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