"evm will return 700%" - analyst., page-8

Yes, he was indeed a major holder:

Well on the 28th of August he and his wife became a substantial holder of EVM and as the announcements go have increased their holdings from 5.15% to 6.25% then to 7.28% and now sits at 9.15%

(From a different stock forum)

On the 13/08/2007 they increased to 10.16%, or 9,304,483 shares.

I can't find any change in substantial holding to say they sold their shares, so not sure what has happened?