- 21 April 2006
Call the company.Just a quick question - when this stock goes NASDAQ, will current shareholders be offered one NASDAQ share for each ASX share held? Anyone know? The last announcement read:
"Current TZ Limited security holders comprising the existing shareholders, options holders and convertible bond holders will, prior to the actual listing, own exactly the same ratio and value of securities in the TZ group as they do now."
Does that automatically translate to one ASX share = one NASDAQ share? Doesn't read like that to me. IF the NASDAQ shares list at the absolute minimum (to be pessimistic) of $5, and the ASX shares are worth (to be equally pessimistic - purely for the sake of argument) $2.50 US, would that mean we only get 1 NASDAQ share for each 2 ASX ones held, equating to "same value"?
02 8233 9229
Take you 30 seconds, the same time it took to write that post.