change in substantial holding...very funny

Hahahaha...this is the funniest excuse for a change in substantial holding notice in the history of the ASX.

I can only hope that APC was forced to pay court costs since the only thing Jowell will get out of it is 20% of APC's holdings in GAU. That should get him a carton of VB if he gets a premium for this worthless stock.

"2 June 2008

Notice to Great Australian Resources Shareholders

It is with regret that Africa Pacific Capital has had to
reduce it holding in Great Australian Resources. APC has
and will continue to be a supporter of the company however
recent events have forced us into transferring 20% of our
holding in the company to a former employee and South
African Mr Alan Jowell. Mr Jowell worked for APC for 10
months and after his resignation he took APC to court
claiming he (his Australian family company) was due among
other things 20% of the APC holding in GAU. He was awarded
his entire claim against the company and as a result APC
was forced to transfer profit share and equity in several transactions including GAU. We will however continue to
support GAU in the future.

Alan Doyle
Chairman"