Morning all !
Remember AHI's progress to listing?
I do remember a poster asking the other day why could it be that AFI lodged an Amended Filing and then traded very shortly afterward.
The point of the question is that we last lodged our Amended filing at that point a couple of weeks earlier.
Now that we have this Amended filing with what appears to be just tweaked to the Pricing and Quantity of Shares / ADS to be issued with a new Ratio could mean that we are back on track now with the final runway to the listing as per the AHI example.
They listed on the NASDAQ just 3 days after their previous Amended Filing lodgment.
So projecting 3 days from 23rd November is 26th (Friday 1/2 day trading).
Could be the strategy is a less volatile trading day with a lot of folk on holiday.
In relation to the change in Ratio of Shares to ADS from 1:50 to 1:25This is going to double the tradeable quantity and create lots more liquidity.
With the over-allotments, we could be raising AUD $39.675M to the bank.
Expect a Trading Halt any time soonish !
Good luck all