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tradeho

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tradeho

Re: rondrty post# 2151

Thursday, 12/01/2016 4:04:19 PM

Thursday, December 01, 2016 4:04:19 PM

Post# of 2536
Sorry Rondrty, I meant to reply this to you, not myself...
The shares trading here on the NASDAQ are ADR's. The common shares trade on the Australian stock market. The company has agreed to sell the ADR's for $1.25 per share, 4.8 million of them. The pps today reflects that agreement, which is really an agreement on the value of the stock. The investors want to turn a profit, so Will not sell at or below that $1.25 price, but will likely be ok selling them at $1.40ish...The market has priced that in today (the agreement won't execute until 12/6)
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