opes and anz and publicity, page-12

The adminstrator should have immediately:
1)call in all the shorts
2)place a margin call on the accounts in the red including the 6 favoured clients, failing which their portfolio got sold off
3)be prepared to release the accounts of all ther clients who are preapred to paid off their margin loan effectively, they would be getting a dollar out of a dollar instead of going in all guns blazing and selling off stocks at a discount thus eroding value of all the portfolio
This would result on far more orderly market behaviour and needless and endless litigations.
These amongst other steps which I am not prepare to divulge could have easily averted such a dramatgic collapse.
I resent the insinuation that is being thrown around that Opes clients are greedy. What is wrong with someone have a margin account. Our "sin" appears only to be the choice of the margin lender. I have poured through the contract I sign several times and there is no menetion of handing over ownership to Opes. If Opes signs an agreement with ANZ to hand over our shares, then this is done certainly without my consent.