consolidation & other issues, page-31

re: fat prophats - phil Hello Phil

The financier of this project sold out as the price dropped.

Can you tell me who they are and when did they sell?

Hunter Hall sold out a few years ago.
Yep, see that.

You wrote:
I sold out a number of months ago after the Company Secretary told me that the original financier was selling out of the project - and other Asian interests were doing likewise on the advice of the said financier.

Top twenty shareholders as of 2003-02-10
NAME OF HOLDERS
NUMBER OF SHARES %

Charles Victor Alexander
9,582,180 4.30
M Q International Investments Pty Ltd
8,720,000 3.92
Gnomikos Pty Ltd
8,061,087 3.62
National Nominees Pty Ltd
4,285,000 1.92
Lu Management Pty Ltd 3,913,684 1.76
Charles Ronald Smith
3,579,909 1.61
Yu Chun Wu
3,444,320 1.55
Ming Chen
3,200,000 1.44
Vaneca Pty Limited *
3,117,781 1.40
Desmond Kennedy *
3,000,000 1.35
D S G Technology Pty Ltd *
2,982,552 1.34
Berne No 132 Nominees Pty Ltd
2,614,106 1.17
Li-Er Hsu *
2,566,980 1.15
Mei Sui Chen *
2,435,000 1.09
Hoi Wai Li *
2,409,848 1.08
Yu Chiao Huang *
2,371,500 1.07
Ching Wei Chiu *
2,290,236 1.03
Yi Chuan Chen *
2,236,835 1.00
Aust-Asia International Corporation Pty Ltd
2,179,086 0.98
Hsiu-Miao Chen Su *
2,022,552 0.91

Sub-total 75,012,656 33.69
Other shareholders 147,638,735 66.31

Total 222,654,391 100.00

Compare that with this years annual report:
Alexander 9,625,963 2.77%
Ming Chin 9,525,343 2.74%
MQ investments 8,720,000 2.51%
Gnomikos P/L 8,422,436 2.42

etc, etc

Seems the biggest investors have either hung onto their investments or increased them, but the six or seven Asians in last year's February list have gone.

Phil, if you sold out a year ago, I am still mystified by your current interest. Which makes me wonder how current is your info? Can you enlighten me please?

Cheers,
R