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IMM - Immutep Limited

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Coolstocks said:
^^^
That article states December as when PRR go NASDAQ!

Ive got a lot in this BIOMED. I hope they succeed not just for the SP but for the greater good.

What are the chances of this share being bought back? Will this happen when it goes NASDAQ?

And does everyone think december is correct?
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The article was written in 2010, giving a speculative NASDAQ listing date of Dec 2010. I'm almost 100% sure the "N-Bomb" will go off sometime this July, resulting in a significant SP spike after the yanks start lusting after our sock.
 
isplicer said:
The article was written in 2010, giving a speculative NASDAQ listing date of Dec 2010. I'm almost 100% sure the "N-Bomb" will go off sometime this July, resulting in a significant SP spike after the yanks start lusting after our sock.
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Cheers mate. Silly me didn't look at the date of article. go PRR! :)

Is it possible for this share to go $3 without interference?
 
Coolstocks said:
Cheers mate. Silly me didn't look at the date of article. go PRR! :)

Is it possible for this share to go $3 without interference?
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Without interference? Seriously doubt it. I like PRR but we have to be realistic - there could be the odd announcement or two that sends sentiments the other way. But I believe that once Cvac penetrates the global market and we gain FDA approval (a few years down the track), we can hit well, well north of $3 =).
 
isplicer said:
Without interference? Seriously doubt it. I like PRR but we have to be realistic - there could be the odd announcement or two that sends sentiments the other way. But I believe that once Cvac penetrates the global market and we gain FDA approval (a few years down the track), we can hit well, well north of $3 =).
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I mean share buy backs. I'm still a bit confused but if there is a SBB then my share at .30 will be halved when it hits $3 or something great. thats all i meant.

Anyway this is a great one to hold onto for a few years. Im hoping PRR hits .80 before too long say October. SO I can get out some and keep in the rest. I thought European approval was set for September??


:)
 
iSplicer when PRR lists on the NASDAQ wont more shares be issued anyway?

If not will the same shares be traded across both exchanges and how does this process work? I have never held a stock that has gone on to be listed on two separate exchanges
 
investorpaul said:
iSplicer when PRR lists on the NASDAQ wont more shares be issued anyway?

If not will the same shares be traded across both exchanges and how does this process work? I have never held a stock that has gone on to be listed on two separate exchanges
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Excellent question. When the NASDAQ bomb goes off, new shares WILL NOT be issued to cover for the demand as a result of the new market exposure. What will happen is that our ordinary PRR ASX shares will be bundled into packets of 20-30 and sold as the one share on the NASDAQ. So a SP of $0.30 on the ASX would correspond to an SP of about $6-$9 on the NASDAQ - this is to abide by the US standards where 'penny shares' are actually those with an SP of < $15.

To emphasise, new shares are not issued, which is what makes the N-bomb an event to really look forward to.
 
isplicer said:
Excellent question. When the NASDAQ bomb goes off, new shares WILL NOT be issued to cover for the demand as a result of the new market exposure. What will happen is that our ordinary PRR ASX shares will be bundled into packets of 20-30 and sold as the one share on the NASDAQ. So a SP of $0.30 on the ASX would correspond to an SP of about $6-$9 on the NASDAQ - this is to abide by the US standards where 'penny shares' are actually those with an SP of < $15.

To emphasise, new shares are not issued, which is what makes the N-bomb an event to really look forward to.
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Sorry thats the question I meant to ask. WOW! thats all I have to say. Thank you isplicer!
 
Coolstocks said:
Sorry thats the question I meant to ask. WOW! thats all I have to say. Thank you isplicer!
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You're welcome. Please make sure you go on other forums/articles/newspapers and gather all the information you can before making any decisions. I too am still learning =). Let me know what decision you make and gl with your holdings!
 
isplicer said:
Excellent question. When the NASDAQ bomb goes off, new shares WILL NOT be issued to cover for the demand as a result of the new market exposure. What will happen is that our ordinary PRR ASX shares will be bundled into packets of 20-30 and sold as the one share on the NASDAQ. So a SP of $0.30 on the ASX would correspond to an SP of about $6-$9 on the NASDAQ - this is to abide by the US standards where 'penny shares' are actually those with an SP of < $15.

To emphasise, new shares are not issued, which is what makes the N-bomb an event to really look forward to.
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ISplicer is there any link/announcements/evidence where i can read about this?
 
investorpaul said:
Thanks ill give it a read
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also from PRRs half yearly report & accounts release (28/02/2011):
"Plans to list on the NASDAQ market in the United States
In September the Company announced plans to list on the NASDAQ Global Market (NASDAQ) in the United
States. Subject to approval of Prima’s listing application, the Company will have dual listing of its securities on
both the Australian Securities Exchange (ASX) and NASDAQ.
The Company has lodged all the requisite paper work (including a 20-F Form) with the United States Securities
Exchange Commission, and expects to confirm a NASDAQ listing date, and commence trading on the NASDAQ
in the near future.
Prima’s proposed NASDAQ listing will be a Level II ADR compliance listing, and is being managed by Bank of
New York Mellon and US broking house National Securities Corporation. The NASDAQ listing will aim to
provide a listed structure to better meet the needs of both the Company’s Australian and US investors, and to
provide increased liquidity for Prima’s securities.
NASDAQ is the largest electronic screen-based equity securities trading market in the US."

if you check out " Level II ADR compliance listing" then you'll find that the level 2 listings mean the prices are reflective of each other on both the exchanges (the shares are bought on market by an intermediary)
check out http://thismatter.com/money/stocks/american-depositary-receipts.htm for a pretty decent albeit basic explanation

of course dyor
 
So basically come nasdaq FOR ARGUMENTS SAKE lets say the SP here in ASX will be .70 while the US SP will be 7.00.

meaning that when FDA apporoval comes (in 2/3 years) and this price skyrockets $42 US the AUS SP, BY REFLECTION will be $4.20!

Am I reading this right?
 
What makes y'all think this is a potential multi-billion dollar company? Fairly presumptuous lot.
 
Building immune systems to fight cancer/s. And other health problems.
Gotta dream right?

Some great signs for this company dubai accepting the drug for shelf ... passed first european trials ... going on the nasdaq ... raising capital easily ....
 
Wysiwyg said:
What makes y'all think this is a potential multi-billion dollar company? Fairly presumptuous lot.
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A friend of a friend was at the pub and he overheard someone say that he heard from someone that knew someone that PRR would be worth that much. What more do you need? *joins ramp team*
 
Wysiwyg said:
What makes y'all think this is a potential multi-billion dollar company? Fairly presumptuous lot.
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A very good point.

I would like to remind everyone that if you place a valuation on a company by suggesting a future market capitalisation or share price, especially within a particular time frame, you must also provide a fairly detailed explanation to support your point of view. Otherwise it's just ramping.
 
Coolstocks said:
So basically come nasdaq FOR ARGUMENTS SAKE lets say the SP here in ASX will be .70 while the US SP will be 7.00.

meaning that when FDA apporoval comes (in 2/3 years) and this price skyrockets $42 US the AUS SP, BY REFLECTION will be $4.20!

Am I reading this right?
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Basically yes. (if the us stocks were bundled in lots of 10) from memory it was likelt to be30 aus shares for every us share dependant on aus pricing at time of listing. Dont quote me on that.
 
Joe Blow said:
A very good point.

I would like to remind everyone that if you place a valuation on a company by suggesting a future market capitalisation or share price, especially within a particular time frame, you must also provide a fairly detailed explanation to support your point of view. Otherwise it's just ramping.
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True true. If this prr thread turns into one similar to that "other" place, i think id have to kill myself.
To be fair though i think he was just trying to visualise a hypothetical situation to get his head around the dual listing idea.
 
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