It will be a dual listing - ASX/NASDAQ
No dilution
Shares will be bought on ASX by American depository bank (eg Bank of New York Mellon) and held as inventory to sell to NASDAQ buyers.
No ASX share consolidation
XX IMU shares once acquired will be converted into 1 ADR.
Paul H suggested 50:1 which would equate at present SP (12c) $AU 6.00 x .68 = $4.08 - 1 ADR.
PH also advised cost to list on NASDAQ would be approximately $AU 500k all up.
Need a catalyst - big announcement prior to listing.
85% of our activities are now USA based.
NASDAQ listing makes sense on multiple fronts. However our story has to be compelling both scientifically AND commercially. IMHO
It will be a dual listing - ASX/NASDAQNo dilution Shares will be...
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |