confirms everything in the original 101 post . ... to the letter
the issue of pre listing shares purchasing by the BNYM was in the second post from MR ... it still seems to be a little uncertainty there ... but once it actually starts trading it becomes irrelavent anyway ... so let's wait
... the PBMD shareswill trade T+3 in the US ... so when the market maker wants to buy more or less ( cancel ) ADRs from the ASX ..... he has a little bit of time up his or her sleeve to act in the most profitable manner by timing the trade for his benefit .... which should be one of their skills to enhance their returns.
The intraday trading in PRR on the Nasdaq ... when it gets up some ' steam ' will be most interesting.... particularly if there is demand .... and will be keenly observed by Australians on the ticker overnight ... hopefully with the corresponding ' mirrored ' action on the ASX
PRR Price at posting:
26.3¢ Sentiment: LT Buy Disclosure: Held
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