Posted On: 12/19/2016 11:20:44 AM
Post# of 23063
$PBMD
not sure why it dropped. If one ADR represented 30 shares and on 12/28 one ADR will represent 100 shares. It's a good thing if you hold ADRs but not if you hold shares in Australia. in essence I see this as 3.31 forward split for existing shareholders. unless I'm missing something
08:26 AM EST, 12/19/2016 (MT Newswires) -- Prima BioMed (PBMD) said Monday that ordinary shares represented by American depository shares will be changed to 100 from currently 30 on Dec. 28.
The company received notification from Nasdaq in August that it was non-compliant with the rule requiring a minimum bid price of $1.00 per share.
"The company anticipates that after the ratio change, the price of its ADSs will increase proportionally and meet Nasdaq's minimum bid price requirement, " Prima Biomed said, noting "there can be no assurance that such an increase will occur."
Price: 0.73, Change: , Percent Change:
http://www.mtnewswires.com Copyright © 2016 MTNewswires. All rights reserved. MT Newswires does not provide investment advice.
not sure why it dropped. If one ADR represented 30 shares and on 12/28 one ADR will represent 100 shares. It's a good thing if you hold ADRs but not if you hold shares in Australia. in essence I see this as 3.31 forward split for existing shareholders. unless I'm missing something
08:26 AM EST, 12/19/2016 (MT Newswires) -- Prima BioMed (PBMD) said Monday that ordinary shares represented by American depository shares will be changed to 100 from currently 30 on Dec. 28.
The company received notification from Nasdaq in August that it was non-compliant with the rule requiring a minimum bid price of $1.00 per share.
"The company anticipates that after the ratio change, the price of its ADSs will increase proportionally and meet Nasdaq's minimum bid price requirement, " Prima Biomed said, noting "there can be no assurance that such an increase will occur."
Price: 0.73, Change: , Percent Change:
http://www.mtnewswires.com Copyright © 2016 MTNewswires. All rights reserved. MT Newswires does not provide investment advice.
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