Announcement today that there is insufficient SEZL (Sizzle) stock on NASDAQ to work. Holders can swop 1 SZL (Sizzle on ASX) for 1 SEZL .
SEZL was USD 81.08 and SZL is AU$22.01. This seems like a bargain, or will the SEZL on NASDAQ drop like a rock? Fall to about AU$22 X 0.64 (US vs AU exchange rate) = about14 ?
What depository would hold the SEZL stock for Aussies?
Trying to understand, so input welcomed.
I do NOT hold SZL.
SEZL was USD 81.08 and SZL is AU$22.01. This seems like a bargain, or will the SEZL on NASDAQ drop like a rock? Fall to about AU$22 X 0.64 (US vs AU exchange rate) = about14 ?
What depository would hold the SEZL stock for Aussies?
Trying to understand, so input welcomed.
I do NOT hold SZL.