Aspen Group Resources (ASRPF)

[Amaunet]

STL, this doesn’t help, but it’s a good question.

As at August 21, 2003 there were 19,950,860 shares held by 320 US shareholders.

As of the date hereof, the directors and senior officers of Aspen as a group own or exercise direct or indirect control or direction over an aggregate of 4,393,468 Aspen Shares, representing 8.5 percent of the outstanding Aspen Shares.

This surprised me, at one time insiders held a much larger percentage of shares. We might have the ability to vote against certain agendas and actually have it count.

Filing Date: 9/4/2003 Form Type: 20-F

Obviously some didn't add. -Am