speculation

There is speculation on many posts that Blumberg tipped off Phil re the status of Opes Prime ( before the collapse) and the possible ramifications on his shareholdings if it went under.

Ask your self this question... WHAT WOULD YOU HAVE DONE?

Would you have sat on your arse and let your wealth disappear or take appropriate action to protect your wealth?

In my opinion Blumberg felt obliged as a friend and ex Board member to advise Phil ( most likely " off the record") of the potential consequences. This was not "insider trading". Blumberg did not engineer Opes to go under. Why would he?

Phil's actions in paying out the loan and attempting to recover his shares was legitimate that is why it is going to court.

Let us not confuse Phil's actions re Panopus with his overall management of ADY.

On another note ... most "big time investors" have shareholdings in various company names etc. Phil's holdings were in ANZ Nominees due to the margin loan and Panopus direct. It is not important why. He was not hiding anything as details of holdings are reported via the ASX and Annual Reports.