Likely ASX 300 Inclusion September, page-9

Hi Sven

With a current float adjusted market capitalization of only $340 million it is not going to happen

The methodology for the calculation of float adjusted market capital excludes shares held by the following types of shareholders . . . and are excluded regardless of whether the particular shareholder intends to exercise any form of control.Long-term strategic shareholders generally include, but are not limited to:
1. Officers and Directors (O+D) and related individuals whose holdings are publicly disclosed
2. Private Equity, Venture Capital & Special Equity Firms
3. Asset Managers and Insurance Companies with board of director representation
4. Shares held by another Publicly Traded Company
5. Holders of Restricted Shares*
6. Company-sponsored Employee Share Plans/Trusts, Defined Contribution Plans/Savings, and Investment Plans
7. Foundations or Family Trusts associated with the Company
8. Government Entities at all levels except Government Retirement/Pension Funds
9. Sovereign Wealth Funds
10. Any individual person listed as a 5% or greater stakeholder in a company as reported in regulatory filings (a 5% threshold is used as detailed information on holders and their relationship to the company is generally not available for holders below that threshold).