While some of you may see that no prospectus is a good thing, it could be a disadvantage in not having the full details of the company in a legal manner.
The only reason why there is no prospectus was because P1 made 877 GCN holders its shareholders, thus satisfied the listing requirement of Min 500 SH. Of course we shall wait and see if ASX and ASIC would allow the seemingly free shares issue as satisfactory. In a way, that also answered my question why GCN and P1 are not merging.
Moreover, with no prospectus and the requirement for book build, the valuation and list price will not be scrutinized by the market..... until it starts trading.
We await.
JIMO
DYOR
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