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3.9¢ g medical innovations holdings limited

Agree...basically no different than being listed on the ASX.

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170 Posts.

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22/03/21

06:39

Post #: 51933333
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Originally posted by IronChef: ↑

Consolidation shows how many ASX shares are needed for 1 Nasdaq share to be worth $4, minimum.
Once you multiply the 5:1 consolidation by the previous one of 18:1, the company is saying it takes 90 ASX shares, to bundle into one Nasdaq share worth $4.
Divide US$4 by 90, and each ASX share is now worth 4.44 US cents.
Multiply that by SOI, and that's a pre-IPO MC of US $37M.

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Agree...basically no different than being listed on the ASX.

GMV Price at posting: 3.9¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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