kpmg, page-15

Hi Grant, I too do not want to have an arguement with fellow shareholders - I responded to the IMF claim, because I was pi,,ed off with what had happened and wanted to blame someone and "have a go" at that ahole who was telling us everything was ok - and YES, it did influence my thinking ( as an accountant) - showing only long term liabilities - which turned out to be a blatant lie ( the CFO should have known better and if it was reported correctly, so should the Board). I suppose the lawyers sift through what is provable and what cannot be shown as negligence/fact.
Secondly, I have been on many Boards and the first question you ask -is there indemnity insurance - both for the Company and Directors. In todays' litigious world you have to cover this. That is why, I presume, OZ would have Indemnity Insurance - KPMG certainly would. So to say I (IMF), am suing my fellow shareholders is a bit of a stretch ( unless you know they didn't have insurance - which would prove that they are bigger a.holes they we imagined).M