Hi dyeman, your correct. They are traded on a different board to...

Hi dyeman,
your correct. They are traded on a different board to that of the main listings on the Nasdaq (from memory i think it's the pink boards) they open up foreign investment and are underwritten by banks. So there's much less scrutiny and listing requirements involved.

However, for mine if IMU takes off, we don't wat to be amongst the small fish. The ASX has been extremely limiting, in getting our small population invested in IMU. You wouldn't want anything similar overseas, in learning from that lesson. However, I believe those on the smaller Nasdaq boards have 20 times the turnover of the ASX. So would be beneficial, should some listing requirements create time hurdles, or constraints such as consolidations. Some like them, others don't !

-GO IMU!

Not Financial Advice - Opinions Only - DYOR!