The other thought I had was - does VML even need to wait until March 31st or can they switch as soon as they meet both those conditions?
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That's also on my mind Cobber, but literally reading the condition, the first part is 'attains $40m MC' .. (done) .. the second part is 'by no later than 31/3/16' (done). So literally, it seems VML could move to the NZX anytime they want to from now.
I wasn't expecting condition (b) to be met in the first week of trading, but what the heck. It's there now. So the other question might be, what if the MC falls below $40m again?
I hope you're all holding on for this ride.
Pity that VML is doing it's dash before the competition actually starts. I may swap it out for something with latent potential.
Best Wishes
Paper Tiger
Attachment 7784
True, but still has a way to go this year to reach full potential. I have it on my comp list and portfolio, its steadily rising and doing pretty good job. Regarding the whole when is the 40 million MCap reached, its likely when the volumed traded on average over a certain defined amount of time, but it seems its reached that so far, so once it comes on the main board should do wonders.
Migration to NZX https://www.nzx.com/files/attachments/228058.pdf
Share chat article worth a read, pretty much exactly what we've been talking about here recently: http://www.sharechat.co.nz/article/5...rice-rise.html