Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-305

There was a time when I didn't understand this either. It's a critical calculation:

Company value = x
Shares on issue = y
Share price = x ÷ y

That's why the whole argument around not receiving the same % gains is inherently flawed. The company value will fluctuate at exactly the same % +/- based on how much capital the market is willing to invest / risk on any given day. The SP simply follows suit.

MC determines SP. Not the other way around. This is true 100% of the time, unless perhaps if you are day / swing trading.

Please take the time to understand this if you don't already. For the sake of all your investments.