Ann: Velpic Signs New Enterprise Clients, page-43

My understanding is that you are correct.

This is because of ASX Listing Rule 4.7B and its relation to the way this company was listed via Listing Rule 11.1.3.

It is all very technical but essentially my understanding is that due to the RTO this company is required to submit an Appendix 4C (Cash flow report) for 8 reporting periods.

It is important to understand why the ASX requires this and not just the technicalities so feel free to read below if you are interested:


Essentially, we gave them a lot of cash. The ASX wants full disclosure of everything that is happening with it.

I am by no means an expert so please do not crucify me if I am wrong! I hope this helps.