Mega and LC ,
From the Prima Investor update Dec 2010
" Post the NASDAQ listing it is anticipated that there
will be one NASDAQ share for every 30 Prima
ASX-listed shares. The listing will be a Level II ADR
compliance listing, and is being managed by Bank
of New York Mellon and US broking house National
Securities Corporation.
The key word word ' antcipated ' is the key - its not hard and fast
- looks to me that it will be what they believe to be the best option available at the time of listing relative to the ASX PRR share price and the required minimum listing pice in the US.
Remembering that at the time of presenting the Dec 2010 document the share price was low teens.
oh the enthusiasm, page-13
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