I already understand how all of this works.I'm simply trying to...

I already understand how all of this works.
I'm simply trying to help you to accept that it will never be a running listed company again.

They would need to do a capital raise to fully purchase Lecca and all of its subsidiary entities from its current owners in order to "back door" list it on the ASX.

How would this be achieved? Lecca is worth how much, in the hundreds of millions?

Or, a capital raise to fully purchase Marketplace back from Lecca.
This would look extremely suspicious to the ASX and fair work- like they sold off their assets to their "mate" for a fraction of its price to satisfy its creditors and liquidate its employees without cost to them.

Second, what would the benefit to Lecca be? The only conceivable benefit would be if KDY purchases it from them for higher than the original price... and again, this will not be looked upon very favourably by the ASX, KDY's creditors, or fair work.

Third, WHO is going to participate in this cap raise?