the next step, page-26

After further research, I'm now able to answer two of my questions:

1. Who/what controls Monarch Corporation Pty Ltd?
Answer: Anthony Palermo, 60, 35 Birdwood Parade, Dalkeith, WA.

2. Who/what controls Primelane Pty Ltd?
Answer: Anthony Palermo, 60, 35 Birdwood Parade, Dalkeith, WA.

And, you're right, ironjack5, Monarch Corp has also issued a demand letter on Consolidated Global Investments (CGI).

The letter relates to an allegedly disputed convertible note agreement debt of $390,000.

Sequel: CGI shares have today fallen 70pc.

The Monarch move on CGI and PNO means that the company is seeking recovery of convertible note outstandings totalling $1.25m.

Adding the Primelane claim for $422,500, the overall sum being sought by the Anthony Palermo interests totals $1.67m.

John Palermo is chairman and secretary of both PNO and CGI.

He is also chairman of Pelican Resources (PEL).

He is a key shareholder/option holder in PNO, CGI, PEL and OBJ.

Another family member, John Joseph Palermo, is secretary of OBJ and PEL.

While value of the substantial CGI stakes held by the families Palermo has today fallen 70pc, value of Palermo holdings in OBJ has eased just 5.5pc.

Meanwhile there's another twist to the Palermo influence on PNO, CGI and OBJ - Tuto Phong of RSM Bird Cameron is auditor to the three companies.