slugsy
A Terpu and ANZ settlement would be easy. The stock was 50 cents its now 28. At 70 cents in the dollar Terpu is in front in terms of monetary value.
In terms of John getting his stock back its simple. CQT seeks shareholder approval to place new shares to Terpu at say 35 cents. If he wasn't a director they woudln't even need shareholder approval they could do it under their 15% capacity.
I couldn't see the shareholders knocking back the placement given its at a premium. And even if it was at a big discount I think in most (if not all) of the Opes affected stocks the shareholders would approve placements to the directors/executives to get them re-equitised. After all it is the management that are going to drive the company going forward.
opes alleged statement, page-64
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