nasdaq sp, page-14

dangar....I think I know where you are coming from so I decided to get my calculater out again......sorry philbar

Lets make some assumptions:
For ease of caculations at the time of listing:
Assume PRR ASX = $0.30 (30 cents)
Shares ASX = 1 Bil (approx)
Market cap = 1 Bil x 30 cents = $303 Mil
PMBD = $9.00 (= 30 underlying asx shares)

So...if demand on NADAQ causes an increase of 11% on the NASDAQ to $10.00, then the ASX should reflect a price of approx $0.33 (or 33 cents)

The company market cap should now reflect 1 Bil x 33 cents,
which is $333 Mil.

There are still 1 Bil shares "in the market" which is now spilt up between NASDAQ and ASX.

Based on the above assumptions for ASX PRR to reach $1.00 one of 2 things will need to happen.

NASDAQ demand will need to increase by 234% to $30.00 from $9.00, or ASX demand will need to increase by 234% to $1.00 from 30 cents.

Personally, I think it is easier for ASX demand to increase from 30 cents to $1 than it is for NASDAQ demand to go from $9 to $30.

But then again the Americans can see that there is money to be made in Bio.

Good luck to all.