Fortunately we don't have any significant insto holders so maybe not but the ASX Indexes are becoming embarrassing.
Adding 4DX, M7T, CYC, IPD CU6. One hiccup and the All Ords will drop 1000 The ASX should be embarrassed. My local sandwich shop could get in an index these days.
My experience is nothing good comes of having a pre-profit spec bio stock in an index (see the fun they had with IMU and RAC in the 200).
And I bet someone will try to have a go. Not saying they'll succeed but really who needs the added opacity. Luckily we don't have a fund prepared to make some money off the suffering of retail but on principal, I don't like it. Tant over
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