AJX 9.09% 1.0¢ alexium international group limited

Just saw it. They didnt know anything about the company and made...

  1. 1,505 Posts.
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    Just saw it.

    They didnt know anything about the company and made the mistake of assuming the NYSE listing would be an old school one where its an Australian company listing overseas. As they said this tends to be a waste of time as the new listing tends to follow the ASX prices because all the liquidity is here.

    This is not the case with AJX, it'll be a 100% US company. Others who have attended AGMs have posted information on this in the past. My understanding is Aussies will get some sort of contract notes rather than shares, these notes simply mimic the US prices with adjustments made for currency rates ect.
 
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