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I think it's because the law firm they engaged for this...

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Yellowsilkroad

79 Posts.

6

07/02/20

18:24

Post #: 42809584
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Originally posted by elephantsong: ↑

I think you have to be priced at USD$1 or greater per share to list on the US exchanges.

So they needed to do a 100+ consolidation.
They chose 300:1 .

I like listing on the US exchange.
But do not see any reason to move domicile to US.
I cannot see any justification for this?

Anyone know why they used Queensland Supreme court to do this when Australian headquarters is in Victoria?
Is there a legal distinction?

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I think it's because the law firm they engaged for this matter is a QLD one.

BLT Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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