with 63% of Resimac, they have control over that company and...

with 63% of Resimac, they have control over that company and would be consolidating results, while at 22% of MME, they may have a board seat or 2, but certainly no control so really depends on what they are trying to do

On my initial reading, I thought that Somers had bought 3% from Resimac, but I think you are right in that the overall interest across all the companies has increased by 3% (not sure I understand pages 6-9, but perhaps those are all entities that are consolidated under a Somers holding company).

I would be a little concerned if large shareholders (esp the CEO) would be comfortable with dilution at this level, although Somers could do something in the backend which would sweeten the deal (e.g. fund him to take up any offer so he does not get diluted), but it would be highly unethical and likely to upset a lot of other holders that have been there for a number of years not to mention that issuing a tonne of shares at this price is likely to add an artificial ceiling as people will take profits each time the price rises).