asx listing rules, page-7

alecfra

"also free shares have been given to the many spinoff's listed on ASX... I cannot say much more on this but say "been there done that"

So there is nothing to worry about P1 listing, when we read the following statements by ASX?

"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.

So you think there is nothing to worry about because the ASX will turn a blind eye? Or is it, as you said in a previous post, that these shares were not free?

I am confused.