US listing, what happens then?, page-12

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Louie19

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10/02/15

09:22

Post #: 14726292
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Originally posted by sivart ↑

Anything can happen, hence why I said without wanting to offer financial advice. In the case that I've been through before the company moved to a Nasdaq listing (raised additional capital as part of the listing becuase the option was there and it made sense for them at the time) and current holders were issued CDI's. For anyone who was a US holder or preferred to be a US holder you could convert your CDI's to US shares (in fact you can do that at any time with CDI's). Later the company decided to get rid of its ASX CDI listing and you were offered the option to have your shares sold and get the proceeds or to be issued US shares. I took US shares and held them in my international trading account. This was one experience, and the LNG one could be different but as I said, all you can really do is assume that the company has to do what's in the best interest of share holders. Arguably forcing them to sell if they aren't a US resident or company would not be in shareholders best interest, so presumably wouldn't happen when there are options to allow them to remain shareholders.

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I remember from the Melbourne investor presentation that MB stated existing shareholders would be front of mind and looked after with any US listing. Given management's track record I would assume this would still be the case and a priority with any strategy.

LNG Price at posting: $3.12 Sentiment: Buy Disclosure: Held
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US listing, what happens then?, page-12

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

ASX Market Open: ASX200 to rise for Friday session | July 26

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

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MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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