Interesting PB, ratio 30:1 sounds allright.
Another dual listed entity that I follow, SSN, did a 20:1 on the ADR's a few years back.
So for a 30:1 ratio, PRR could end up with apprx 27mil shares at say 39.5c*30 = A$11.85.
Then factor in the exchange rate fluctuations to that. So with the AUD @ $1.05, this could be worth US$12.5.
This may all change when they'll get closer to the remaining results + FDA approval.
Safe to say PRR may now need to update a new broker report on their website, the one frm Feb seems a bit outdated.
http://www.primabiomed.com.au/investor/
Well done to the sub-10c holders.
prima on the nasdaq - how much ?, page-2
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