There is more at play than simply the conversion ratio...
Free float to trade?
Liquidity?
The fact the NASDAQ has shorters and the ASX does not..
Are the big punters buying up in ASX prior to hitting the NASDAQ?
Is a T/O easier via asx? Does this give more leverage?
So many things.
Im freeholding after buying yesterday at .11 and selling initial stake at .23, so I am not going to guess what happens...
But you dont have over 200m shares traded with a vwap of .22 for it to open the next day at 5c... Just doesnt happen.
Even if it should happen, those with the muscle/deep pockets who are also trapped wouldnt allow it.
There is more at play than simply the conversion ratio...Free...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.28M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $203.0K | 45.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 104 | 103311567 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 31829254 | 17 |
View Market Depth
| Last trade - 10.53am 30/07/2024 (20 minute delay) ? |
| ATH (ASX) Chart |