opes:circular irony, page-72

  1. 17,117 Posts.
    article in the business section of the age states, if you had a margin loan, you signed over your shares to the banks.......either anz or merryl lynch.........
    and opres did margin loans on miners, who would never make a profit etc ie'penny dreadfuls'
    and opres took all clients shares whether subject to a margin or not and 'lent' those shares to the lenders....ie the banks to obtain more loans..........so even if you did not have a margin loan...........opres made loans on your shares without your knowledge
    and the banks were selling the shares for 50% of their market value...........read the article in full
    and forensic investigators were called in..........
    so I would doubt you will get any money back............creditors are listed as priorities, and shareholders are not creditors
 
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