Ann: Update from the Receivers & Managers, page-10

@hhonner

You were fully informed via all of the company financials and company announcements. They all pointed to a company in financial distress. Whether or not you believed that was your decision to make. It is up to you to read, disect and understand the financial reports and ASX announcements. CAI were a speculative gamble only (as are many companies on the ASX), and we lost. End of story. It reminds us all not to invest more than we can afford to lose when gambling on speculative shares.

The decision to close the hedge was made by Macquarie Bank after the administrators were called in, not CAI management or directors. Also it is not the role of shareholders to manage the company.

If Macquarie sold even one share they are guilty of insider trading? That is not correct. Chinese walls are put in place in these instances where conflicts of interest exist within financial institutions.

You will learn more from this outcome if you were to blame yourself for your actions and not the company or bank. If you blame the company or the bank, you will learn little or nothing from this outcome.