Why would ANZ lack the freedom to undertake the very logical steps I suggested and these suggestion were put to Deloitts last Friday! The response I got was all accounts are frozen and we don't know who owns what, Merrils and ANZ certainly did as they started selling immediately!
According to Alan Kohler in AFR, 96millions dollars was advanced to Opes the week before and the decision came straight form Mike Smith , CEO. One would have assume that he would have the liberty as a CEO of suggesting a more logical measures to the board.
opes and anz and publicity, page-21
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