You would only make a application if you were a smaller company, once you had satisfied listing criteria such as minimum number of shareholders 400 @$5000 or 500 @ $2000 and raised the funds.
I made a phonecall to the operators of the fund and they have indicated that discussions with the ASX will be taking place in the next week or so. They are working with 2 brokers, one small and one large, names not disclosed to me, and have stated that the shareholder spread will be met, and that the capital requirement has been raised.
If you are interested call the fund direct and hear from the horse’s mouth.
RNC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
