I agree with you they hold more than 20% .
The top 20 holders had 70.99% of the company or 43.37 million shares from what I could find for you.
http://www.asx.com.au/asxpdf/20140703/pdf/42qmkskg4cb70q.pdf
Maybe you should research Lydian enterprises with 2.86% before you put any more crap on Zhenya not buying a large chunk of the company. He already owns $500k worth.
Lets just say they are the directors are the major holders
Simple answer to how they got those shares ?
They stumped up some cash, obtained further funding and they started a company...
Simple.
Zhenya must really have some faith in the company to have invested $500000 of his hard earned in it.
You know "the Russian Guy"...lol
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