I asked some of these questions on an earlier thread but haven't got any answers so I will try again.
Can anyone explain how the buy and sell queue's will work on the Nasdaq tonight ?
There are no existing PBMD holders so how will there be a sell queue?
Do the money makers put their shares on the sell queue and wait for buyers? If so what will be the starting price set by the money makers ?
Or do the buyers place orders on the buy queue and the money makers sell into them?
What if all the money makers shares are purchased on the first day, will the sell queue be empty?
i.e. Anyone know the mechanics of how the Nasdaq trading will work?
Also, with other companies which are dual listed I tend to see that 1 market just plays catch up. In other words, one is the dominant market which sets the price while the other market just corrects each day to match the dominant market. So do we expect the Nasdaq to be the dominant market and therefore the PBMD price will govern what PRR price does each day or will the ASX be the dominant market ?
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