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theqwertman

606 Posts.

12

15/06/18

12:42

Post #: 33735130
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Originally posted by runningbear62 ↑

Not so easy to do an RTO Tri. I admire your chutzpah though. The ASX made RTO harder a couple of years ago.
From the AFR.
"The existing hurdles to RTOs have all been lifted too. The 'profits test' on minimum consolidated profits for the 12 months prior to admission has been lifted from $400,000 to $500,000, the 'net tangible assets test' has been raised from a minimum $3 million to $4 million, and companies seeking admission via the market capitalisation test must now have a market cap of $15 million, up from $10 million previously."
And you need 15 percent of scrip as well.
Not knocking your plan just think its a steep climb and a big win for accountants..... Qwertman seems to have good sense in this space.

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Get 5% together and roll the board is the simple solution otherwise nothing will happen

PC1 Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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