Well, Mr C. . . not sure you have done as much as IF . . .
Have you destroyed 99 percent of shareholders value? That was a big effort . . . and was justifiably rewarded . . . Ha!
Regarding the BIG shareholders, according to the 2014 annual report, ADMARK Investments own 10 Million shares . . . by far the largest holding . . . which is owned by the super fund of Mr J Pinto. He cannot be too happy with what has happened.
ADMARK is also one of the largest holders of IFE. So after the merger he will still be probably the largest holder.
Misplaced confidence? Time will tell.
TRF Price at posting:
1.9¢ Sentiment: None Disclosure: Held
