The way I read the rules would mean FFX is almost guranteed to drop
Initially LEO would qualify just like woolworths- endeavour demerger. EDV didnt get kicked out of ASX200. Also LEO will definitely meet the september asx 300 mark et cap even after 20%
However 70c IPO with 1.1b SOI LLL will drop out of asx sp300 unless it get close to $1
FFX when I do the caluclations and market cap if it doesnt almost 2.5x it is out as I read the rules.
But with the likes of ZIP will crash from ASX 200 to all the way out of ASX 300 in one go, FFX has a chance.
ASX SP 300 $100m is minimum, PLL droped out with market cap of $870m last reblance