I would fully welcome a further reduction to the ASX: NASDAQ ADR...

I would fully welcome a further reduction to the ASX: NASDAQ ADR ratio as this would assist with trading liquidity. The 50 to 25 doubled our number of tradable ADR's and was only possible due to the increased share price and stability which is huge given the uncertainty in most of the market.

The 67c AUD VWAP thevinnys highlighted yesterday, todays was 65.65 so lets just call it 66c.

At 0.72c AUD/US conversion gives ~$US 0.4752

$US25m to be raised / $US 0.475 is 52,000,000 shares to be issued on ASX.

At 25:1 is 2.1million ADRs @ $11.87
At 20:1 is 2.6million ADRs (same number as when share price was 53) @ IPO listing price of $9.50
Let's say if we reduced the Ratio further to 15:1 is 3.5million. @ IPO listing price of $7.12

My thoughts are probably will be in interesting negotiation to see where they end up, but I would be all in favour of dropping to 20 or 15.

Apologies if maths is out as am on my phone and mobile version of Excel while better than previous is still painful to use.