ASX seeks to bolt the stable door

JUNIOR oilers keen to get out of the black gold space and make money using their shells to backdoor list a "disruptive" tech or health company, as so many have done over the past 18 months and in previous bust cycles, now face increased regulations regarding initial public offerings and backdoor listings after the ASX released a new consultation paper last week.

ASX seeks to bolt the stable door ASX seeks to bolt the stable door ASX seeks to bolt the stable door ASX seeks to bolt the stable door ASX seeks to bolt the stable door

Just this year there have been seven recapitalisations among Australia's junior oilers, more than for the whole of 2015, and aside from a few new backdoor players such as Skyland Petroleum this year

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