>Kaddy Limited has no capital.Yes>Lecca wants to go public with...

>Kaddy Limited has no capital.
Yes

>Lecca wants to go public with kaddy.
Yes

>They've decided to backdoor instead of ipo.
If Kaddy Limited has no capital, how can they purchase Kaddy marketplace to "backdoor" list it?

Do you understand now? I agree with all three of the facts provided, however, they do not fit together in the way you think they do.

Lecca might go public with Kaddy... but it won't be through ASX:KDY. It cannot be.