Has an NYSE listing been seriously considered or is it speculation? Because that will completely redefine the game.
Its apparent that US investors are simply accumulating on the OTCQB very cheaply from the initial MM sales each day, price action doesn't suggest much profit taking, especially with declining OTC volumes.
But as long as the ASX price lags that of the OTC, it limits exit opportunities for Australian holders if the current cycle continues. Without DTC we can't journal our stock to DTREF to realise the true value of our stock.
Im currently in contact with some former colleagues of mine from the IBD/VC/MM world to find solutions in the event DTC is truly off the table.
I am very bullish on DTR, but I have very serious concerns about fair value at exit on the ASX. And given how we all know how Australians scalp, I feel that is a very fair concern.
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