PLL 0.00% 15.0¢ piedmont lithium inc.

Sorry. I thought Msb was one of my CDIs Msb is a dual listed...

  1. 2,167 Posts.
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    Sorry. I thought Msb was one of my CDIs
    Msb is a dual listed company.
    It's trading on the US on ADR basic 1:100 Msb.asx

    https://hotcopper.com.au/data/attachments/3148/3148740-caeeaafab0fb64043f4f6e0a36716a0e.jpg

    PRE is a clear example of how to transfer from Asx to Lse.

    https://www.asx.com.au/asxpdf/20210120/pdf/44rvsv1nf0xhjr.pdf

    Pll allows investors to trade on 7/5 on a probation period.
    Pll will remove its Pll.asx code on 17/5

    Now I know why the sp is so volatile for the last 2 days.

    Pll should suspend the trading for 3 business days due to huge amount of stocks will be transfer from Asx to Nasdaq.

    The suspension date should be on the 14/5 before the delisting day, 17/5.

    Because Pll allowed the securities to take effect on the 7/5 that was the reason why the stock was so volatile due to the lack of liquidity as the securities are transferring to Nasdaq .

    PRE share price shot up from 24/2 to 19/3 so Pll will experience the same trading behaviour therefore It's best to buy dip and laugh all the way to Nasdaq.

    Last edited by equityma: 04/05/21
 
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