Yes, it looks as if ANZ may have to buy back on market, and unless there was a deal struck with ANZ and the large buyers for the scientists, then it's gonna be a mess for ANZ and a bonus for us holders.
One observation....
"Transactions made by Opes directors whilst Opes "allegedly" insolvent can be / will be reversed via court order by ASIC if it is proven.'
So in your view would this include any payments made to Opes clients in the 6 weeks prior to 27 March, when ASIC allege the thing was trading whilst insolvent? I understand a number of institutions and larger clients exited in that period, so could they be ordered by a court to return the funds?"
It just crazier every day, I'd laugh but my broken rib is still killing me.
SLA Price at posting:
31.9¢ Sentiment: LT Buy Disclosure: Held
