GENERAL REQUIREMENT
Number of shareholders
Minimum 300 non-affiliated investors @ A$2,000
Free float 20%
Company size Profit test
A$1 million aggregated profit from continuing operations over past 3 years + A$500,000 consolidated profit from continuing operations over the last 12 months
Assets test A$4 million net tangible assets
or
A$15 million market capitalisation
Do we even qualify for this?the business is definitey still worth something. At least we might be able to even get 1 or 2% back IF we trade again.
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- Another AFR article
Another AFR article, page-452
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