"American investors are much more sophisticated and they are experts at manipulating a share price. (we know how effective Springtree was in doing just that.) If the initial listing price on the NASDAQ is say $12 and vested interests in the US decide to drive it down to $9 or $5 the price on the ASX will go down accordingly. E.g., If it was driven down to $5 the ASX price would go down to approx 16 cents. Once NASDAQ listing goes ahead the share price will be controlled by what goes on in the US not by Aus shareholders"
The above was put to me by a friend of mine as a potential game that could be played by the yanks - at least until they have gobbled up a large % of PRR shares
I doubt that the above is likely to happen but would be interested to read other people's views.
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5 | 67130 | 0.335 |
4 | 53864 | 0.330 |
8 | 54784 | 0.325 |
6 | 118110 | 0.320 |
Price($) | Vol. | No. |
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0.345 | 55452 | 4 |
0.350 | 98597 | 7 |
0.355 | 143919 | 6 |
0.360 | 122188 | 7 |
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