^^^
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?
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.
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?
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 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
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.
Sorry thats the question I meant to ask. WOW! thats all I have to say. Thank you isplicer!
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 is there any link/announcements/evidence where i can read about this?
Thanks ill give it a read
What makes y'all think this is a potential multi-billion dollar company? Fairly presumptuous lot.
What makes y'all think this is a potential multi-billion dollar company? Fairly presumptuous lot.
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?
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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