Exactly 'Cbyrne11', and that is why the ASX has only just...

Exactly 'Cbyrne11', and that is why the ASX has only just recently set about closing the gates on backdoor listings / RTO under existing guidelines.

As per “Rozen0077” post this arvo - http://www.copyright link/technolog...om-going-public-20160512-got64i#ixzz4ABwzz1XG

My understanding is that although not due to take effect until Sept this year, the ASX is playing hardball with those currently going through the process and doing some ‘practice’ on them. The ASX in there new rulings have not changed the goal posts, they have removed one! I am not sure but I understand that the TW Holdings (TWH) non-binding heads of agreement to acquire all of the securities in unlisted Australian company AusCann may just get through as the last one under existing rules, before the ASX shuts the gate on RTO’s as we have known them. Looks like we got through just in the nick of time!