FID - From the most recent announcement in the 2017 Annual...

FID - From the most recent announcement in the 2017 Annual Report the image below is a list of Top 20. Additionally, there was the matter relating to the recent hurried "Rights Issue" just prior to the AGM which saw 40M shares go to the CSec/Director Mark Ohlsson (Appendix 3Y dated 22 November 2017) [Conversion of $80,000];   150M shares go to the MD Tracey lake (Appendix 3Y dated 22 November 2017) [Conversion $300,000]; and 45M shares to Chair Ian Plimer (Appendix 3Y dated 22 November 2017) [Conversion $90,000].  All up $470,000 in conversion of unpaid fees leading to an issue of 235M shares - interestingly Plimer  & Ohlsson were re-elected by a margin of 217M votes at the AGM (refer NIU Announcement of Results of AGM) - what was the motivation for the rushed Rights Issue and is that why there is a Spill Resolution (apart from the fact that they are being highly remunerated for doing what?? and also that all conversions in recent history have not been put to shareholders for vote!!!)

The conversion alone in the recent Rights Issue added a further 12% (approx) of shares, further diluting all except those mentioned above!