Now this is just a scenario running around in my head for the lead up to a US listing. If we were looking at a 1:5 consolidation for a $5 US listing that would equate to around AU$ 1.20 per share needed. So now I put myself in the shoes of a US investor wanting in on the float with a larger holding than what is being offered or I'm looking to the current ASX trading and see a discount.
I'm only throwing this out there and before I'm shot down in flames from the start I will say only time will tell. These are just my thoughts.
Could we see some US investors buying the discount here if the above is what's on the cards for listing. Will they see the current discount and keep buying it up the ladder until it doesn't look so attractive anymore. We see OTC trading has picked up in volume and price quite considerably since the latest list of announcements. This is just one thing I'm watching very closely, something that could be a factor.
Time will tell all..........
UNI Price at posting:
74.5¢ Sentiment: LT Buy Disclosure: Held
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