AllFuelledUp, I'm not posting anymore on this subject as it is getting too personal. You are (understandably) upset about the situation - fair enough. But IMO it is clouding your judgement and reason, along with many others here. This is evident in your response to my post about seeking independent financial advice. Far from it being irrelevant, it is VERY relevant. Any financial planner worth his salt would have spelt out clearly all the risks and rewards associated with this product. It could have saved many people from incurring losses. I am not in love with ANZ, far from it. I do own shares in them. That doesn't cloud my judgement to the various arguments and accusations that have been made, as I didn't lose any money in the OPES fiacso. And even if ANZ got taken to the cleaners over something they did wrong it wouldn't directly affect me either as it wouldn't materially affect the share price.
There are numerous points you raised, I think both in Contract and Tort law they are wrong and will be proven to be wrong if they are pursued. The judgement yesterday allowing ANZ to continue selling their shares is a telling, early blow to the view posted here many times that ANZ aren't entitled to act as they have. There is no way they could sell these shares if they didn't have legal title to them.
Anyway, no more replies from me, hopefully all the people caught up in this mess get a fair outcome, unfortunately as a previous victim creditor of a company that went bust a while ago I know only too well that it usually ends up with disappointment for those that are owed the money.
