not sure I understand the difference if the ratio changes.
if I'm an American with $10,000 to invest in pbmd,
.at ratio of 1:30, I'd own 1111 units @$9, and 33333 units would be bought off the asx market 30c.
.at a ratio of 1:10, I'd own 3333 units @$3, and 33333 units would be bought off the asx @30c.
so isn't it the same demand on the asx? 33333 unit bought on the asx for every $10000 US
ratio
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29.5¢ |
Change
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Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.0¢ | $732.3K | 2.454M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 113261 | 29.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 169614 | 3 |
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