Ocker a Amsla is an amsla and it does what it says And the general rule is ..if you signed it you own the fine print
However that rule is overturned if:
the underlying contract becomes void or the signing was due to misleading and deceptive coduct or there was unconscionable conduct or the contract was abandoned
As a general principle ANZ will argue The Hermon Goring defense when questioned about his art collection "i dont know the source of these paintings" Or the Sgt Schultz defense "i know nothing"
ANZ at all material times Knew or ought to know about Opes M+D or U or A Indeed both parties abandoned the Amslas
ANZ didnt claim "ownership" it didnt lodge 90 substantial shareholder notices It answered 672 notices ..in a manner not in accord with its current claims
ANZ recieved a benefit when clients lodged securities with it ANZ knew of pre 2008 FSG (they endorsed it)
We are entering the Nuremburg phase
Our friend Hermon was found guilty of War crimes and was sentenced to be hung by the neck until he was dead
He chose cyanide
This thing is a $550m snatch and grab The evidence of ANzs culpablity and knowledge is compelling The writer suggests ANZ will be found guilty to the sharemarket equivalent of economic war crimes
ANZ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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