My understanding is that you are correct with this statement!
Chris
You Mean you read the rules
2.1.6 Reserves
In the event of over subscribed grids reserves will be allocated places on the grid in the order in which their entry was received, not on qualification time.
Noy sure if things have changed but in 2007 Maximum grid size for the Brands Indy circuit was 42 places, that year DD went there with 57 riders, all out in one joint quallifying session but each class got its own race grid