MAY 6.00% 5.3¢ melbana energy limited

Attached excerpt from ASX Melbana page, which describes what the...

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    Attached excerpt from ASX Melbana page, which describes what the top 20 shareholder figures are based on.
    I believe you are are thinking about substantial shareholders as opposed to top 20 shareholders??
    Substantial Shareholders

    A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.
 
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