$1000 of biota shares on close on oct 30 should be worth $1193 on open on the NASDAQ. This is based on on an equivalent of AUD 68cents = $USD 70 cents . This means an opening price of BOTA at $5.60 USD - now if equivalent NABI is trading above that right now and it is after ex dividend then we could expect a great first day - wouldn't US $10 be nice - and portable alpha would be finally right with his 10 dollar call!
So muzza , at the very least, there should be a 20% increase from the dump on last day of trade on the ASX and hopefully a 100% gain at the end of the first day on the NASDAQ
But I only know disappointment with Biota so I would not recommending counting the chickens just yet!
BTA Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held
