We had like 200,000 Shares traded around 0,13-0,135 Euro(0,185-0,19 AUD) but ASX opened at 17 Cents and didn't even hit the 18's on the ask in AUS next day....
Until now it seems like the ASX is the place which dictates the price and Germany just reacts to that action but if Germany does have a decent volume too, ASX doesnt react to that action anyway.
As far as I know, in Frankfurt there is a broker/middleman who puts up a spread, someone is willing to sell for 13,5 cent but you can only buy for 13,6 cent so thats how the broker turns a profit. Don't blame me if it's wrong but I think that is why at least the ask price is always above AUD price.
Wasn't the management flying to London to get a listing on the exchange over there and what happened on the trip to Hongkong- cornerstone investor?
Frankfurt, page-5
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