up >300% today....!!!!???? :( or :), page-17

re: up >300% today- looks quite good! I've just had a speed read through the history of this changeover from PUL to PHL and it looks quite good.

Go to stocknessmonster.com.au if you are having trouble accessing the old PUL ASX announcements.

New board, new and experienced CEO....I just feel sorry for the old PUL shareholders who, I would nearly bet, comprise most if not all of the sellers today, desperate to finally be given an escape hatch from the months of suspension and the savage dilution of their holdings.

This does look good for at least a short term buy as the distressed ex-PUL shareholders bail out.

I'm in with a small stake at 19.5c. I'll be topping up on any further weekness, but there were some big buyers floating around at 19.5 around midday so given the raising was oversubscribed there might be lots of takers for this discount entry in the next few days till the selling subsides.

Here are the vital stats re share numbers showing 3.7% of the issued stock changed hands today.

PEARL HEALTHCARE LIMITED 2002-11-28 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
SHARE CAPITAL DETAILS

Existing shares as at the date of the Prospectus 6,774,187
Shares issued under the Prospectus 64,000,000
Vendor shares 27,050,800
Settlement of debt 1,593,751
Settlement of various creditors and employees 2,716,000
Total shares on issue after offer 102,134,738

The shares issued in Settlement of Debt are 83,751 more than that
estimated in the Prospectus due to the slightly later time that had
been anticipated before the shares under the Prospectus were issued.

ESCROWED SHARES

The Share Capital details above includes the following shares which
are subject to escrow in accordance with ASX requirements:

* 27,050,800 shares issued to the vendors of businesses sold which
are subject to 12 month escrow until 29 November 2003. (This total
corresponds with the shares contemplated by section 10.10 of the
Pearl Prospectus, with the exception of 160,000 Pyolip Business and
associated working capital shares which were not issued as the
purchase of that business did not proceed due to the serious illness
of the Pyolip principal.)

* 2,676,000 shares issued to various consultants and employees which
are subject to a 24 month escrow period ending on 29 November 2004.
These are as set out in sections 10.15(a), (c), (d) and (e) of the
Pearl Prospectus.

Accordingly, the total number of Pearl shares which are not subject
to escrow is 72,407,938

SHAREHOLDER SPREAD DETAILS

SHAREHOLDING
SPREAD
1-1,000 1,001-5,000 5,001-10,000 10,001-100,000 100,000
OR MORE

QUANTITY 4,339209 332 469 113

TOP 20 SHAREHOLDER DETAILS

NUMBER SHAREHOLDER SHARES %

1. Commonwealth Custodial Services Ltd 7,455,000 7.30
2. The Smile Factory Pty Ltd 5,900,000 5.78
3. Ceramica Pty Ltd 5,300,000 5.19
4. RBC Global Services Australia Nominees
Pty Limited 4,000,000 3.92
5. Jetan Pty Limited 3,242,500 3.17
6. National Nominees Limited 2,024,172 1.98
7. Benefund Limited 2,000,000 1.96
8. Equity Trustees Limited 2,000,000 1.96
9. Zero Nominees Pty Ltd 1,933,088 1.89
10. Buckhutt Nominees Pty Ltd 1,632,000 1.60
11. Commonwealth Custodial Services Limited 1,600,000 1.57
12. M F Custodians Ltd 1,600,000 1.57
13. Westpac Custodian Nominees Limited 1,411,126 1.38
14. Wingate Investments Pty Ltd 1,300,000 1.27
15. Equity Trustees Limited 1,242,500 1.22
16. Westpac Custodian Nominees Limited 1,200,000 1.17
17. Kookaburra Nominees Pty Ltd 1,196,522 1.17
18. Precision Gold & Ceramics Dental
Laboratory Pty Ltd 1,168,000 1.14
19. Mr Mark Clarke 1,040,000 1.02
20. Ms Fiona Newton 1,000,000 0.98
Top 20 Shareholders 48,244,908 47.24
Remainder 53,889,830 52.76
Total Shares on Issue 102,134,738 100.00

OPTION DETAILS

As set out in section 10.16 of the Prospectus, the following options
are on issue:

OPTIONS NUMBER

Expiring 14 December 2002 exercisable at $3.00 1,111,114
Expiring 31 January 2003 exercisable at $60.00 153,121
Expiring 30 September 2003 exercisable at $6.00 927,914
Expiring 30 June 2004 exercisable at $0.33 250,000
Expiring 15 September 2004 exercisable at $0.27 2,983,332
Expiring 15 September 2005 exercisable at $0.36 1,333,332
Expiring 15 September 2006 exercisable at $0.45 1,333,336
TOTAL 8,092,149

The 6,833 options expiring 21 November 2002 exercisable at $6.00 were
not exercised.

ESCROWED OPTIONS

As set out in section 10.17 of the Pearl Prospectus, the Option
Details above includes the following options issued to Directors
(and any shares issued on exercise of the options) which are to be
held as restricted securities for a period of 24 months ending
29 November 2004:

OPTIONS NUMBER

Expiring 15 September 2004 exercisable at $0.27 2,383,332
Expiring 15 September 2005 exercisable at $0.36 1,333,332
Expiring 15 September 2006 exercisable at $0.45 1,333,336



More work to do on this over the weekend.