Hey all. Newbie here - first post to these forums. Holding TZL at the moment.
Just a quick question - when this stock goes NASDAQ, will current shareholders be offered one NASDAQ share for each ASX share held? Anyone know? The last announcement read:
"Current TZ Limited security holders comprising the existing shareholders, options holders and convertible bond holders will, prior to the actual listing, own exactly the same ratio and value of securities in the TZ group as they do now."
Does that automatically translate to one ASX share = one NASDAQ share? Doesn't read like that to me. IF the NASDAQ shares list at the absolute minimum (to be pessimistic) of $5, and the ASX shares are worth (to be equally pessimistic - purely for the sake of argument) $2.50 US, would that mean we only get 1 NASDAQ share for each 2 ASX ones held, equating to "same value"?
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- same value on nasdaq listing
same value on nasdaq listing
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.131M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $115 | 5.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 559250 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 198691 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 559250 | 0.020 |
1 | 27833 | 0.018 |
1 | 230846 | 0.013 |
1 | 99888 | 0.008 |
1 | 718000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 198691 | 2 |
0.027 | 2000000 | 1 |
0.028 | 2675000 | 1 |
0.030 | 166667 | 1 |
0.031 | 195000 | 1 |
Last trade - 10.13am 05/07/2024 (20 minute delay) ? |
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TZL (ASX) Chart |