JT has demonstrated being very naive about the Opes arrangement, not his fault as many have got caught in the same way.
But when you have a number of shareholders contacting him (such as myself)to say someone is deliberately pushing the SP down, shorting was the very word i used when i spoke to him. I would have personally investigated what transaction were occurring in my company.
I am not even close to the inner workings of this company, yet months ago I managed to work out Opes was involved in CQT in some way (until then i had never heard of them). Then i did a search on Opes on the net, their Modus Operandi was fairly clear. Then I checked the top 20 to see that JT shares moved from his name to probably ANZ Nominees.
The penny should have dropped then and he had time to ask Opes for his shares back and pay out his margin.
The penny certainly dropped for me that my main concern that there was a fundamental problem with CQT was really a non concern.
As i have stated before this is sideshow distraction.
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
