Not really their listing price put a value on their share's that were roughly 8-10x higher then what it traded at on the ASX i.e. 13c. One of the requirements on the nasdaq is that it needs to trade above $4 upon listing to remain listed. If we transferred the listing over it would trade at $1-2. So a 10-1 split would arbitrarily be trading at $10-20.
But this price movement close to the listing price is really unexpected and I am thinking that once the Aussie shareholders get access to the shares it will trade well lower then where it is now.
CBR Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
