I just spoke with Director, page-200

ruby,

DYOR. Xu sold his shares to the "seeds" at the capital backing per share (ie on the same terms he had issued shares to himself). We know this because Huafei Investment Development paid 50,000 pounds for 4,050,000 shares. We know how many shares Susan subscribed for, 14,226,000 shares at 20 AUD cents each. We know she's a "friend" because she resides near Xu and acts as company secretary to the multinational company, which is based on the other side of the bay, co-owned by Grace Trend Management and Triple Fortune International.

What does it mean for holders? absolutely nothing Just correcting gassin's information that $4 million was stumped up by ASX investors, which is untrue.