IMU 5.56% 5.7¢ imugene limited

Not withstanding NASDAQ listing later this year. ADR ratio (est...

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    Not withstanding NASDAQ listing later this year.

    ADR ratio (est PH) 50:1.

    ASX shares converted- after bought either on/off market

    Held by depository bank - NYM/JP Morgan. Possible accumulation going on now, as they need to hold inventory in readiness.

    Another ASX biotech now dual listed has approx 20% of SOI converted to NASDAQ ADRs. Listing was several years ago and moderately successful.

    If NASDAQ demand is 10% of Imugene's SOI (personally think it could be significantly higher) that would see 600 million shares transferred.

    Based on 50:1 conversion = 1.2 million ADRs

    Approx $4.30 per ADR
 
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