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3.9¢ g medical innovations holdings limited

Thanks for taking the time to put that together Galilee. I'll be...

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HonyakuKonyaku

662 Posts.

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24/08/20

15:50

Post #: 46773331
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Originally posted by Galilee13: ↑

Hi HK

Further to the below and your post to me on Saturday.

Having looked into the different Nasdaq tiers a little closer. And keep in mind I am no expert here.

Form what I can gather there is no market cap requirements for the Global or Global Select markets. They do however have shareholder equity requirements of between $5m to $15m depending on which test you want to satisfy.

IMO the only way to look at this Nasdaq listing is to decide 2 things.

1: What will be the market value of the company at listing

2: How much capital is raised in the IPO

So let's look at a very negative scenario where the market cap stays the same for ASX holders.

All USD

So a market cap of $40m on listing
Raise $15m
Listing price of $5

Total shares on issue 8m (40/5)
Issue 3m shares at $5 to raise $15m
5m shares attributable to ASX holders worth $25m

Convert 830m ASX shares into 5m Nasdaq shares via 166 for 1 consolidation.

ASX share worth $25m at listing or 3c per share (25/830) or 4.2c AUD

Just so everyone is clear this is NOT how I think it will play out.

As per my previous posts, IMO I believe the company should be able to list on the top tier being the global select market with a minimum market cap of $160m USD. Today's announcement provides further confidence in increased revenue and higher valuations accordingly.

Expand

Thanks for taking the time to put that together Galilee. I'll be happy if we make it to NASDAQ at the same share price as the ASX. Anything on top of that will be a bonus. I think that once we are on the NASDAQ, the future will be much brighter for many reasons, not least of which is that the current climate of uncertainty will have been removed.

If you can tolerate one more question, what is the current shareholder equity of GMV?

GMV Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
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