From what I have seen from other NASDAQ type listings they will package numerous ASX shares into one NASDAQ share ... ie 1 NASDAQ OTC-QX share will equal 6 ASX listed shares - so 6 * 1.8 = 10.8c.
However - as Bolier points out they still have to demonstrate $2 million in revenue & net income of $500,000 - which must give some indication of where we are at the moment in regards to sales.
they must be dreaming, page-3
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