Due to my own confusion over the filing and my own calculations I rang PRR and Martin returned my call.
I actually spoke to the great leader of PRR. That will be something I can tell my grandkids.
Anyway, Martin confirmed that there was just a legal requirement before listing on the NASDAQ, and the form F6 is part of that requirement.
Martin confirmed that when listed on the NASDAQ, the ADR will be at a ratio 30:1 of the ASX listing. If PRR is at 25 cents at time of listing then the NASDAQ will be $7.50.
The NASDAQ shares will not be 5 cents x 30, as my calculations seem to imply from the form 6.
I have sent the link to the filing as well as a copy of the web page to Martin as well.
Good luck to all.
Due to my own confusion over the filing and my own calculations...
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $493.8M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 33.5¢ | $724.1K | 2.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 60483 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 55452 | 4 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |