If ASIC are successful on the meaningful charges then it will make it unlikely the current management team would be acceptable to a premium exchange
the IPO conditions are a somewhat realistic excuse, the needing to wait for three years of financials is another piece of spin that is simply not true (the entity has been around long enough and the financials will already exist)
if ASIC are successful then holders need to ask whether management would step aside to allow the listing.. I know what odds I’d offer on that if I was Sportsbet.. otherwise they’ll be left holding shares in an unlisted foreign entity with no price discovery mechanism and no easy way to exit..
is the ATO class ruling any closer? might need that before any of the 10,000 can think about selling their shares anyway..
SP1 Price at posting:
$1.07 Sentiment: None Disclosure: Not Held
