ANZ in their haste to act first and worry about the consequences later may of sold into the market additional shares that were perhaps outside of their claimed proportion.
Refer to GWR Half yearly report (Top 20 as at 13 March 2008, page 21): ANZ Nominees 14,273,148 shares - 12.6%
Todays ASX release titled ANZ Opes Prime Disclosure: ANZ Nominees 16,484,931 shares - 14.9%
Considering the volumes traded last week, an ANZ oversell (+2M shares) maybe a distinct possibility.
Confusion rules, whats next? Arbitration or buy back?
GWR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
