hmmmm -------------- "If the investment banks and their clients (institutions/private investors) want to buy AJX then there will be a very limited supply on the NYSE, if the IPO is a maximum of $20m. "
that was my immediate thoughts after the phone conversation ------------
BUT -------- he said that the NYSE would be the listing that had the liquidity - so, why would that be?
I didn't get to ask that - but, that is a bloody good question for Adelaide imo. (also a question on migration - because some of our bigger holders will migrate - so, wonder when they can do it - and how fast the process is? )
My thoughts are only that the NYSE is a much more liquid exchange - and possibly that they will have a reasonable number of shares listed ---------- but, hmmm, what 'portion' of Alexium Inc. will that be????
And, then of course --------- what price will it list at and then of course what price will the market there drive it to????????????
Buggered if I know ---------- I am completely in the dark on that lot.
It certainly makes me wonder if they might buy here before the NYSE listing --------- I don't know if they will - but, it makes me wonder.
We know that Eddie Sugar put some clients in here weeks back --- so, they do do it - what they will do if they buy that stock , I have no idea - ie. migrate it or not.
I wish I knew a lot more about this sort of thing - because there might be a hell of a stag like opportunity staring us in the face here --------------- a bit complex for me - and I am pretty sure I would have to get some heart pills for my accountant - but, it sure could be worth investigating.
have a great day
Pinto
AJX Price at posting:
66.5¢ Sentiment: Buy Disclosure: Held
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