It's called converting your tradable asx szl shares into US shares. Then be stuck with US shares in a trading halt indefinitely until they manage to get enough shares to trade on the Nasdaq. Basically you are locking your shares into a coffin where you can't sell even if the asx shares rally. Sezzle have been stuffing this nasdaq listing from the very beginning. What if asx szl goes up over $30 and the US Sezzle doesn't haven enough shares to trade and reopen? Then the Aus investors will be able to sell and you'll be stuck in an indefinite trading halt. Good work Sezzle
SZL Price at posting:
$22.28 Sentiment: None Disclosure: Held
