there are two sets of conflicting laws here
Duty of Care of ANZ not to shares that they dont own. But opes owns youre shares and now ANZ owns youre shares via their default by opus. Of course as an unsecured creditor u rank behind ANZ so they get first cut.
Of course ASIC could get an injunction against ANZ to stop them selling those shares below market value or maybe not.
I think this might end up with all unsecured creditors ( customers of ANZ being left out in the dark)
the other option is hit the media, political pressure on kevin rudd might force his hand to order ASIC to freeze all of opes assets.
Or a class option suite, well good luck all of the above are just random musings
- Forums
- ASX - General
- opus clients please read this urgent
opus clients please read this urgent, page-54
Featured News
Featured News
The Watchlist
WCE
WEST COAST SILVER LIMITED
Bruce Garlick, Executive Chairman
Bruce Garlick
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online