what prima told me today

I've read a lot on HC about how some people think the sp will get a boost when BNYM have to buy shares on the ASX to list them on the Nasdaq.

I called the PRR office today. Here is what I posted on a different forum...

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"There will be no buying of PRR shares on the ASX by BNYM for the Nasdaq listing."

Phil from Prima just called me back and that was the gist of what he said.

He did admit he was not an expert on the technical side of the whole transaction. As far as he knew BNYM (or the Nasdaq) puts a "hold or a lien" on PRR shares as "security".

He said there would be no cap raising in the US. There would be no issue of new shares here in Australia (for the listing). Just this 'lien'. He said it was all a pretty "fluid" process.

So it appears those who were hoping for the sp to be pumped up by shares being bought on the ASX for listing purposes will be disappointed.

Doesn't mean the sp won't increase once we are ACTUALLY listed due to investor demand.

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