For those not understanding the numbers in the announcement. The final NASDAQ price will be a multiple of the ASX price on the last day of trading. Example If today was the last day. ASX 0.12c 0.12c x 100 = $12.00 AUD Now convert $12.00 AUD to USD $12.00 AUD Divided by $1.50 USD ((current conversion rate)) = $8.00 USD Example If last day of trading was $0.25c. ASX 0.25c 0.25c x 100 = $25.00 AUD Now convert $25.00 AUD to USD $25.00 AUD Divided by $1.50 USD ((current conversion rate)) = $16.70 USD No value is lost or gained - other than the value of a cleaner tradable product on a 10 x bigger exchange with 330M eyeballs.
IHL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held