I posted some thoughts/information on AVZ thread...

I posted some thoughts/information on AVZ thread .....
https://hotcopper.com.au/threads/locke-funding-almost-certainly-dead-in-the-water-if-news-article-is-correct.7948303/page-2#post-73443200

As I inferred, the ASX is an operating extension for the purpose of providing a ready and instant platform for a shareholder to have the ability to buy/sell shares in a company.

The ASX Listing Rules are underpinned by relevant sections of the Corporations Act 2001 (cth)
ie: ASX Listing Rule 3.1 Continuous Disclosure is under pinned by Sections 675 & 677 of the Corporations Act

Unless FFX utilise the tax credits / offsets that would be available for a Company to "back door list" using FFX as the vehicle to being listed, then (IMO) once the Company is delisted any remaining assets will be distributed back to shareholders (as per the frequent undertaking to do so) after any liabilities / creditors have been settled.

Once all assets have been distributed, the Company will liquidate and be no more .. .. ..

cheers

always happy to be corrected.. .. .. ..