still the cheapest stock on asx, page-25

re: top 20 shareholders - detailed i feel we are on safe bet macrae and rmitchell, most of that 1c stock would have been churned out into 2.5c - 3.5c base cost stock now. On the 3/12/04 the 168mill that was issued came onto the market and the action started on the 6/12/04 and from 7/12/04 95%+ of all stock has traded above 2.5c.

from 7/12 to 31/12 75.2mill shares traded
January 05 another 88.8mill traded
Feb 05 another 55.4mill traded
giving us a total of 219.4mill churned in this period and basically getting rid of the bulk of the 1c share overhang as well as by the looks of sydneysider's post, Hochma's 32mill shares went as well.

March, April and May it consolidated with a slow drift down on 45.6mill shares for that period.

June it has started to fire up a bit with 33.5mill traded so far this month with a general upward trend, a lot of tax loss selling and stragglers I reckon from the 1c issues.

With the looks of the current trend of the monthly figures and the next monthly revenue release things are looking excellent for July...

good luck to all holders but I think the worst has passed. Onwards and upwards from here as the capital equipment upgrades start to add to the numbers.