Ann: Market Update, Board & Company Changes,UIL-ENB.AX, page-194

It's all uncharted waters with the new listing rules, if AR1's waiting time is anything to go by heading close to 3 months in suspension it's a long time to have Substantial capital tied up in a shell that may fizzle, imo the little Shell with tiny Mc and cash is not necessarily the best Holding anymore!! Even if it's held tighter than a fishers bum, For me it now goes
1 T20 Smart Money
2 Proven deal makers involved/Director/skin
3 mc between 3-5m
4 Current purse amount is not the be all end all if they
chuck it at the wrong acquisition its p!ssed up
the wall anyway, Deal makers positions in the
Shell are made long before the acquisitions and
are often only topped up,

If JP Hits AR1 out of the park ENB will rerate on JP's known holding alone. imo Shells are now squeezed by the ASX not to Stray from their known industry or face Ludicrous waiting and process times ontop of higher benchmark listing rules. Invest in the man not the Van!!