NWL UP 73% to A$ 3.75 SURGE upon RESUMPTION of trading in Australia.
While the Australian Market tumbled, New-Tel shares traded sharply higher on very HEAVY VOLUME of some 15.8 Millions shares... The Exchanges had stopped trading pending the receipt of SATISFACTORY answers from New-Tel, as to why their shares rose so sharply...
I believe the USA "ADR's" will trade at a substantial PREMIUM, due to the heavier demand than in Australia and the relative scarcity of the supply, since it takes 10 NWL shares to make 1 NWLL "ADR"... So CURRENTLY, there are only some 9 MILLIONS "ADR's" IN TOTAL, representing the about 90 Millions Australian shares and the Float is likely to be MUCH SMALLER yet...
au.finance.yahoo.com
(Reuters) New Tel <NWL.AX> shares surge after trading halt
SYDNEY, Jan 6 (Reuters) - Shares in China Internet hopeful
New Tel Ltd <NWLL.O> surged on Thursday when trading resumed on
the Australian Stock Exchange.
New Tel shares resumed at A$4.00, up A$1.83 from Tuesday's
A$2.17 close, before easing back to about A$3.50. The ASX
placed a trading halt on the stock before the start of
Wednesday trade, following a surge in its share price on the
NASDAQ exchange.
In a detailed response to a series of questions from the
ASX, New Tel said it had no further price sensitive information
to announce to the market and believed it was in compliance
with listing rules.
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