It should have worked that way in any share lending market. The lender of the shares (clients) (who did't know they were really share lending) with Opes Prime carried all the risks of the transaction and were totally misled at the outset of the transaction and continued to be mislead through the whole transaction with the actions of all the parties and the terminology in the documents.
The courts and lawyers are going to have a field day big time.
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Iggy Tan, Executive Chairman
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