Ann: Compliance with ASX Listing Rules, page-29

Lets paint the big picture .. When this went into suspension under VXL it was trading at 0.11 cents and market cap was $21.9 million with the following top twenty (below) . No chance to get out as went into liquidation 6 months later.. So the market is valuing the company at a higher market cap now . Wow going to be some pain here in my view .
Twenty largest holders of All Ordinary Shares on issue No. of Shares Held % Held 1 Strategic Energy Resources Ltd 21,788,907 10.95% 2 Avatar Energy Pty Ltd 7,051,606 3.54% 3 E E R C Australasia Pty Ltd (Super Fund A/C) 6,631,470 3.33% 4 Mr Carl Eric Holt & Mrs Lorraine Holt (Holt Super Fund A/C) 3,750,000 1.88% 5 Mr Mark Anthony Muzzin 3,304,954 1.66% 6 Citicorp Nominees Pty Limited 2,989,308 1.50% 7 G & N Lord Superannuation Pty Ltd (GNR Superannuation Fund A/C) 2,800,000 1.41% 8 Laguna Bay Capital Pty Ltd 2,610,000 1.31% 9 Chimaera Capital Limited 2,217,500 1.11% 10 Rio Tinto Exploration Pty Limited 2,062,500 1.04% 11 J P Morgan Nominees Australia Limited 1,756,615 0.88% 12 Ozsun Investments Pty Ltd 1,735,715 0.87% 13 Mr Ian David Pattison & Ms Katherine Margaret Forrest (Sylvan Super Fund A/C) 1,680,000 0.84% 14 Whitesman Investments Pty Ltd (Whitesman Super Fund A/C) 1,597,120 0.80% 15 Wattle Laboratories Pty Ltd (Advanced Culture Systems A/C) 1,535,029 0.77% 16 Insync Investments Pty Ltd (Weekley Super Fund No 1 A/C) 1,530,000 0.77% 17 HSBC Custody Nominees (Australia) Limited 1,490,590 0.75% 18 National Nominees Limited (DB A/C) 1,342,409 0.67% 19 Westcap Pty Ltd 1,300,000 0.65% 20 BNP Paribas Noms Pty Ltd (DRP A/C) 1,265,099 0.64% 70,438,822 35.37% Total Ordinary Shares on issue 199,016,214 100.00%