Ann: Annual Report to shareholders, page-7

Its interesting to see that Mr Bilal Ahmad who, in the 2023 Top 20 had approx 9m, no longer appears in the 2024 list. However, a Mrs Ifrah Nishat does, with just over 10m.. Its interesting because both Mr Bilal Ahmad and Mrs Ifrah Nishat happen to be the two Top SH of another micro cap ASX stock. If they are related, then they own quite a chunk of the other stock... esp if one also includes Miss Ifrah Nishat. Anyway... not as impressive as the quadrupling of a holding in the last year by none other than Gregory Head.

As for the changes to Tom Revy's holding... who knows? His Final Director's Interest Notice in May of this year shows that his combined holding was just under 13m (in fact, the same figure as at the previous AR date). Couldn't it be that the differential of just over 1m (not 3m) between May 1 and Aug 20 could be in another account of TR's or his wife's that is under the Top 20 listing. The Top 20 info is just a snippet of what some holders own, afterall.