DefangedAs bullet dodges go, it's not a bad effort. Melbourne...

Defanged

As bullet dodges go, it's not a bad effort.
Melbourne housewife Fang He has ceased to be a substantial shareholder in BrisConnections.

Ms He popped up as a substantial holder last month with an 8 per cent stake when every other investor was running for the hills. He, who forked out $32,300 for the stake, faced coming up with a further $65 million as payment for a second instalment next year. But He managed to offload the 32 million units for the same price she got in at.

Melbourne internet domain name company Australian Style Investments, run by Nicholas Bolton, has taken a 12 per cent stake and is believed to have picked up He's stake. It either has deep pockets or another agenda.