Guys I think if the demand is high enough for pmbd the sp will be tested majorly esp if they under estimate how many they need. This is crucial for a successful float. Buy too many and sp will remain unchanged. Buy too many to supply the NASDAQ and then too much inventory not selling so bad for business of the organizing institution. Wed all prefer if not enough were purchased! Meaning!
So I hope you all understand the difficulty of this ADR process. I'm sure they are watching the sp in Aus right now and it's reaction to the news the other day in order to estimate how many to buy for adr conversion.
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Guys I think if the demand is high enough for pmbd the sp will...
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Open | High | Low | Value | Volume |
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5 | 67130 | 0.335 |
4 | 53864 | 0.330 |
8 | 54784 | 0.325 |
6 | 118110 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 55452 | 4 |
0.350 | 98597 | 7 |
0.355 | 143919 | 6 |
0.360 | 122188 | 7 |
0.365 | 178497 | 8 |
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