a must read, page-2

I see what you mean. It seems Norm Seccold might have set it all off when he asked for his money on the 10 Mar 08. Opes Prime called in administrators on the 28 Mar 08.

" He is still missing parcels of stock worth around $15 million". "he had no lending agreement" “As the Federal Court was told, it may boil down that Opes principal Laurie Emini was using Seccold's stock to prop up others Opes accounts.” He may have a good case. This may explain why ANZ has not been selling KMN shares.

http://www.businessspectator.com.au/bs.nsf/Article/Norm-Seckold-Opes-Client-A-report-DLFZ8?OpenDocument

http://business.smh.com.au/opes-client-as-missing-millions/20080411-25jq.html

Lift is not the same as Opes Prime and did not lend against KMN.

Have a look at the list here:

http://www.liftcapital.com.au/pdf/LIFT_Accept_ASX_Securities.pdf