BRKOB Options Allocation, page-8

Right so here is the Top20 shareholder list as presented in the Annual Report at the end of March 2020....
Naturally some of these positions would have changed since March 31st but I read somewhere that the Top20 was pretty stable and some may even have increased holdings during the buying opportunity offered in March/April when you could have picked up more at 0.004 cents or below. Some did!


And here is the list of Top 9 holders of the BRKOB options following the Entitlement offer that we know was the subject of a 100M shortfall. You can view the full Top20 and breakdown by numbers in the ASX announcement of August 27th posted in the Hot Copper BRK Forum.


This gives us some idea of who did and didn't take up their entitlement offer.
Cross referencing the two lists, some stable holders actions are obvious.
For example, Station Nominees who could have applied for and received 6.25M new shares (one-for-four) but apparently only wanted 5M.
Or Great Southern Flour Mills who expressed their confidence by taking up only 5M out of a possible 22.5M but that is explained somewhat by their 40M share sell down in May, the only such "substantial shareholder change" notification posted between March and August I could find....
The curious anomaly here, amongst many, are the two new BRKOB holders of 12,000,000 each.
#2 Yucaja P/L and #3 Matthew Buford Super Fund P/L.
They don't appear anywhere on the Top20 shareholders list and would have had to own 48,000,000 shares to receive 12,000,000 options!
Again, there would have been changes in shareholdings in those turbulent months between March and August and maybe they turn up as 60M shareholders in the next Top 20 but that's more than 5% so you would have thought we'd hear about that....
I leave it to the sleuths out there to spot the other anomalies but how come the HMB Super Fund also got 5,000,000 options out of the first 151,000,000 issued in August without appearing on the latest Top20 list??
I'll just leave it there for the time being but something doesn't smell right,
I'm looking forward to seeing the latest Top 20 shareholder list that they will have to provide in the next annual report.
They must also surely be required by the ASX to provide the market (us) with the Top 20 BRKOB list following the 100M shortfall placement, the 300M new options and who got what goodies out of the latest shareholders meeting that took place last week. OK we already know that last one but let's see where they rank.
Any comments or further insights on the above welcome.
We are all in this together after all.
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Chairman