clouds on the horizon?, page-7

Daleg - substantial shareholder notices would indicate that BML/Resimac continue to hold around 13% of issued shares.

In the company announcement of 20/11/2013, FFF mentioned

"....the funding proposal from Resimac Limited (Resimac)
and the ICM Group of companies (which includes Bermuda National Limited)....."

and also that

"While the proposal from SUBSTANTIAL shareholder Resimac and ICM Group is welcomed ....."

The last CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER notice of 22/11/2013 stated that Resimac and Bermuda National Limited held a combined total of 100,371,577 shares - 12.9698%, and this is listed in current company information on eTrade.

It is also of interest to note that the independent expert's report on the IZN recapitalisation proposal concluded that
"...the proposed transaction is NOT FAIR but reasonable to the Non-associated shareholders...."

Shareholding information is also interesting:
12.9698% - Resimac/BNL
4.62% - Mark Flack (according to Recap.document)
16.258% - interests associated with Anthony Wales (as best I can determine this interest has not changed)

This appears to account for 33.8478% of shares on issue.

The Resimac offer of November 2013 did not include an Underwriting fee, whereas the recapitalisation proposal favoured by FFF directors includes an Underwriting fee of 4% ie. approx. $2.0M.

Figure above are to the best of my research, however, DYOR.

Interesting times.