Hm - increases the possibility that ASX is still unhappy - which...

Hm - increases the possibility that ASX is still unhappy - which is bad.
increases the regulatory burden and costs.
reduces management attention from asx relisting.

The positives are the possibility of future cap raising being slightly easier - but, given they had no troubles at all with the last raising, I don’t see this step as being necessary yet —- I get one wants systems in place before they are necessary, but I can’t understand how detracting management attention is worth it at this moment in time.

i would rather this was not the path taken by management, and therefore view this announcement as a negative.