Spot on @Grogger....SP x 100 x AUD/USD FX rate....... 0.051 x 100 x 0.65 = USD3.31
Provided this stays above USD1.00 per share then there will be no need for anything to change.
Working backwards, if the current ASX price falls below 0.015 we will fall below the minimum listing requirement for NASDAQ shares (at least USD1.00 per share).
2 days to go before we stop trading on the ASX and it appears to be a race to the bottom.
Looking forward to the end of the ASX so we can hopefully see some results driven positive sentiment creep in.
As a general note, I assume we can keep chatting on HC right? There is no rule about the stock having to stay listed on the ASX?
Cheers
R
IHL Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held