ADY admiralty resources nl.
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phillip thomas explains all, page-38

  1. Troubleshooter
    452 Posts.
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    28/03/08
    22:16
    Post #: 3519773
    Following from Business Speculator...

    "Opes’ business model is, or rather was, that it lends as a finance broker on commission on behalf of ANZ and Merrill Lynch and takes full ownership of the scrip provided as collateral. It then lends that stock for a fee to short sellers, along with stock provided by institutional investors – for another fee."

    http://www.businessspectator.com.au/bs.nsf/Article/Billion-dollar-bust-D64HQ?OpenDocument&gclid=CJnk6fS0r5ICFRImawodzl6FQg

    If PT is not included...how come?
    ADY Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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