Pathway to relisting;
1) Find a shell, vehicle to vend into.
2) Create a tangible business operation.
3) Recapitalise the company. $5m minimum required now in funding on an RTO under ASX rules.
4) Comply with Chapters 1 and 2.
5) Likely 25-30/1 consolidation of the register.
Much like when GAL turned into Tv2 however, there is far more ASX and ASIC scrutiny these days on an RTO.
Good luck funding the $5m alone - this will be a fun exercise with the legacy of this management and association with past directors whom are now subject to Fraud charges in the WA courts.
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