Don't hold your breath though.
Before listing on the ASX, VML will need to carry out the following steps in accordance with its roadmap:
- Let shareholders vote on a share consolidation. The main point being to make VML look less like a penny dreadful.
- Let the shareholders vote on an ASX listing.
- Do a round of pre-IPO capital raising - would be most impressed with a free-for-all for existing holders but more likely a good old placement to the boys.
- Presuming VML has enough money to actually do the thing, appoint an organisation to run the ASX listing and IPO offer.
- Do the thing.
To conclude, do not expect VML's name to be appearing on Baa Baa's list any time soon. :D