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3.9¢ g medical innovations holdings limited

IPO on ASX: 20c.Delisting price: 3.9c.IPO on Nasdaq: 7.8cLast...

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IronChef

1,142 Posts.

675

06/02/22

17:14

Post #: 59390538
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Originally posted by HonyakuKonyaku: ↑

Hi No_8. I agree whole heartedly with your outrage, but I feel that there might be a slight misunderstanding with what happened with our shares when we IPO'd on the NASDAQ. Forgive me if I'm barking up the wrong tree.

Price of 1 GMV share on ASX just prior to delisting - approximately 3 cents AUD.

Price of 1 GMVD share at NASDAQ IPO - $5 USD.

ASX shares were consolidated 90 to 1. So, for every 90 ASX shares you got 1 NASDAQ share. 3 cents times 90 is $2.70 AUD or $1.91 USD.

So, if you were lucky or foolish enough to buy shares on the ASX for 3 cents, you were actually in profit when it IPO'd on the NASDAQ.

Unfortunately, most on here bought in at around 20 cents AUD. For them to break even, the NASDAQ share price will have to reach $18 AUD or $12.73 USD.

Hope that helps reduce the pain slightly and is not clear as mud.

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IPO on ASX: 20c.
Delisting price: 3.9c.
IPO on Nasdaq: 7.8c
Last week's close: 5.2c
This is not the trajectory that companies seek when listing on Nasdaq, after *years* of action.
And what will our shares be worth after the Board print themselves a new third of the company?
And what will our shares be worth on June 30 when everyone wants out? How many more shares will the Board have printed before then?

GMV Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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