MEM Discussion, page-474

Here's a comparison between the two Top 20 shareholder reports for Memphasys Limited as at 18-Jan-2024 and 01-May-2025.

Overall Change in Shares

• Total shares increased from: 1,343,858,732 → 1,983,598,100

• Increase: 639,739,368 shares

• % Increase: ≈ 47.6%

Net Buyers (Increased Holdings)

	Holder Name	Jan 2024 Shares	May 2025 Shares	Change
1	SAVILL HICKS CORP (VIC) PTY LTD	Not listed	70,114,098	+70,114,098
2	CROSSBAY PTY LTD <NO 2 A/C>	Not listed	69,000,000	+69,000,000
3	FLUE HOLDINGS PTY LTD	10,000,000	19,722,223	+9,722,223
4	ASSERT CORPORATE & INVESTOR RELATIONS PTY LTD	12,185,404 + 10,000,000 = 22,185,404	22,102,070	~same
5	PIPERLAKE PTY LTD <SERTORIO FAMILY ACCOUNT>	51,500,000	65,000,000	+13,500,000
6	MR ADAM MARTIN	Not listed	41,613,808	+41,613,808
7	GEORDIE BAY HOLDINGS PTY LTD	Not listed	22,500,000	+22,500,000
8	BNP PARIBAS NOMINEES PTY LTD <HUB24>	Not listed	21,832,940	+21,832,940

Net Sellers (Decreased Holdings)

	Holder Name	Jan 2024 Shares	May 2025 Shares	Change
1	MR ANDREW ERNEST GOODALL	171,206,265	138,022,157	-33,184,108
2	MS ALISON COUTTS	93,847,375	88,847,375	-5,000,000
3	MR ADAM STUART DAVEY	18,594,444	14,000,000	-4,594,444
4	MR ALLAN & MRS ELIZABETH JENZEN	31,425,556	37,258,889	moved to buyers list (increase of +5,833,333)
5	MR RODNEY JAMES WELLSTEAD	20,167,500	26,866,667	moved to buyers list (increase of +6,699,167)
6	NUTSVILLE PTY LTD	25,638,932	24,750,000	-888,932

⚖️ No Major Change / Unclear

	Holder Name	Notes
1	PETERS INVESTMENTS PTY LTD	Unchanged: 261,564,791 shares
2	CROSSBAY PTY LTD	Separate entities listed: 12,166,822 in both, plus 69M (new) under "<NO 2 A/C>"
3	ASSERT CORPORATE & INVESTOR RELATIONS PTY LTD	Possibly consolidated holdings
4	Others (e.g. MESSINA, ATKINS, etc.)	Either not in 2025 list or new additions—cannot compare accurately

Summary

✅ Net Buyers:

• SAVILL HICKS CORP (VIC) PTY LTD

• CROSSBAY PTY LTD <NO 2 A/C>

• FLUE HOLDINGS PTY LTD

• PIPERLAKE PTY LTD

• MR ADAM MARTIN

• GEORDIE BAY HOLDINGS PTY LTD

• BNP PARIBAS NOMINEES PTY LTD

• MR RODNEY JAMES WELLSTEAD

• MR ALLAN & MRS ELIZABETH JENZEN

❌ Net Sellers:

• MR ANDREW ERNEST GOODALL

• MS ALISON COUTTS

• MR ADAM STUART DAVEY

• NUTSVILLE PTY LTD

Total Shares Added:

+639,739,368 shares overall between Jan 2024 and May 2025.

I highlighted Andrew Goodall, because didn't he say he was going to purchase the shares or sold them to someone else? I remember something on those lines in one of the Cr's. It is also possible that some have moved funds around from one account to another like Adam Davey?

But the fact that we have added and extra 50% of shares in just over 12 months is pretty disappointing. More to come? We need to get a deal over the line or a consolidation will be a given.