IFL 4.78% $3.29 insignia financial ltd

Ann: IOOF response to APRA notice and action, page-23

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  1. 11,306 Posts.
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    A lot of board members involved in the action. They will want to stay to ensure cash is applied to lawyers and to keep control of information.

    Shareholders might have to requisition an EGM and vote them out, and then sack the managers.

    I've never thought their disclosure was as good as it could be. Maintaining opacity might be a hard habit to break at IFL.

    So - they will not be spending all that money on the rest of the ANZ acqs now?
 
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