kpmg, page-12

Aren't we missing something here. It may be one thing here to be able to point the finger at someone higher in the peeking order (from the OZL management point of view) but it does not desolve the board / mgmt of their duty of care.

If i had hundreds of millions of dollars of loans, no matter how they were packaged, i would not say as they did "we have no liabilities".

To go from no formal liabilities to be on your knees due to some banks in a matter of months is no accident of accounting. It was an absense of director duty of care.

Fortunately most of the former OZL mgmt has moved on. God help Toll Holdings as i think BC is a board member...

Cheers