I am usure of the process involved in the Redomiciliation and Nasdaq Listing. Are UNI required to offer shares at 12 UNI Aus shares to 1 Unilife USA or depending on price, can they be forced to lower the ratio i.e 6:1.
To the inexperienced trader such as myself, it seems that further offering of shares at 85 cents has ensured that;
-the sp is held a reasonable price prior to Nasdac listing, providing an attractive opening price to US Investors.
-Great interest is circulated in the US due to the special offering of 85 cents.
-The company looks good on the books once entering the US, once again making it attractive to investors.
If UNI did not raise capital and the share price continued to rise, would uni have been forced to offer it's existing share holders more USA Unilife shares?
If some knows the answer, it would be appreciated?
UNI Price at posting:
$1.04 Sentiment: None Disclosure: Not Held
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