asx listing rules

I thought this deserved it's own thread as I do feel the question needs to be answered.

jupiter and jefferies2 touched on it in another thread. Thanks to both of you for raising a legitimate concern.

So, how will P1 be able to meet ASX Listing requirements if the following condition cannot be met:

"There must be at least 500 holders each having a parcel of the main class of securities with a value of at least $2,000 . . ."

A statement immediately before this condition states: "This condition is not met if spread is obtained by artificial means."

Then it states that giving shares away is an artificial means.

Well isn't this what P1 is doing? They are giving away shares to GCN holders? If so, this is a most worrying development and casts some doubt on the whole operation.

Surely they would have done their homework on this, otherwise it may turn out to be a huge and somewhat embarrassing oversight.