Punters,There seems to be some confusion with the numbers being...

Punters,

There seems to be some confusion with the numbers being thrown around lately regarding the upcoming NASDAQ US Public Offer. Please read pages 8, 9 & 10 of the ASX Ann regarding the EGM above.

In real simple terms the NASDAQ shares will be issued on equal terms as the current listed ASX shares.

Pg9

(e) The Nasdaq Shares will be fully paid ordinary shares in the capital of the Company issued on the same terms and conditions as the Company's existing Shares.

IMO the only difference in price (traded ASX vs NASDAQ) will be determined by the currency exchange rate (US AUS) at the time.

For example using the currency exchange rate of .7146 as quoted in the announcement.

1 ASX share trading at AUD.30c will be equal to 1 NASDAQ share trading at US21.43c on the same day. There is no mention of any multiple of x5, x10 or x15 for the issued NASDAQ shares.

Loving the trading of late.... bring on some good news Doc!

JW