Opes clients get a pre-Christmas shockMichael West December 9, 2008 - 7:14PM Merry Christmas Opes Prime, from ANZ's Mike Smith and Deloitte.
ANZ's Receiver has been sending out Letters of Demand on Opes clients whose theoretical position has slipped into being a debtor at October 16, even if they were a creditor when the broker collapsed (at the request of ANZ) on March 27.
This letter is going out despite ANZ selling off all stocks in the first couple of months of the collapse and recovering their debt (in albeit dubious circumstances, courtesy of a forced charge).
And they are also charging interest.
This is the circular that has just gone out:
ADY Price at posting:
1.1¢ Sentiment: None Disclosure: Held
