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.
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- Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq
Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-57
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