hiya guys, In my understanding there are 3 ways of getting an...

hiya guys,

In my understanding there are 3 ways of getting an ADR listing on the Nasdaq depending on your MC, income, revenues,whether you are listed on another exchange etc. These are:

Global Select market
Global Market
Capital Market (formerly known as the Small Cap Market)

IMO we could qualify under the 'Equity Standard' or "market Value' provisions of the "capital Market" category if we meet the US$4 initial bid price.

The requirements are found on page 12 of the attached Nasdaq document.

http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf

It may also be possible under the "equity Standard' provisions of the "global Market Listing Requirements as listed on page 8 of the same document

I assume then that the share price at the time of listing would have to be calculated as follows;

required ADR sp of US$4 divided by 30 A shares is 13.33 US cents per share and depending on the exchange rate at the time could equate to an Aust sp of say 14 to 15cents, less if we achieve $ parity.

DYOR

cheers
billdah