Ann: MQG: Macquarie offer to eligible unitholders, page-9

re: Ann: MQG: Macquarie offer to eligible uni... Watso:

LOL!!! I know what you mean. I take it that when you qualified you didn't have these funky things like derivatives mark to market accounting? Oh how much the world has changed, and I have been in the business only what 10 years.

Going off topic but that takeover situation is very interesting.

yttrium:

"What I suspect that Mr Byrnes and Mr Barrow are looking at are class actions relating to the issue of the securities. Mr Byrnes is currently looking for a small holder who subscribed for shares, preferably with Maccas advice, to head a class action."

I don't think Mr Barrow can rely on this as a defence against any claim for payment of the instalment as Mr Barrow would have known about the contingent liability at the time of the transfer so lack of knowledge cannot be an excuse for not paying. On the other hand I don't think there will be much sympathy for MQG and DB going after mum-and-dad holders and charities.