Correlation is not causation.
http://www.fastcodesign.com/3030529...raphs-prove-that-correlation-isnt-causation#2
Nicholas Cage Movies = Dual Listing
Swimming Pool Drowning Deaths = Higher Relative Valuation
Of note: PEN _already_ had a higher relative valuation before the dual listing took effect.
Also:
http://www.mckinsey.com/insights/corporate_finance/why_cross-listing_shares_doesnt_create_value
Did Pro-Active provide any sources for their claims? I wouldn't expect so.
PS - Nicholas Cage MUST BE STOPPED!
Why?, page-9
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Last
9.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $305.9M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 10.5¢ | 9.1¢ | $2.766M | 27.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 317999 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 180000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |