The company doesn't need to do a reverse split (although it should). To meet Nasdaq requirements (not that they ever will), they can just create American Depositary Receipts (ADR's) that are worth US $4 or more each. They can do that by making 500 shares equal to one ADR, and hoping the share price doesn't drop any further on the ASX.
The company doesn't need to do a reverse split (although it...
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $76.05M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $26.27K | 1.597M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 3326531 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1285095 | 4 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AZL (ASX) Chart |