I still wait for Ferriers to disclose their role in the events prior to March 27. Ferriers state in their communication to clients that they attended meetings with ANZ and Opes on the 19th March, which we know is a pivotal date in much of what has occured.
On two separate occassions at the first creditors meeting, Ferriers were questioned in regard to the $95m last minute 'deal' struck by the ANZ with Opes. On each occasion Ferriers were quick to dismiss the query or move on from answering any question surrounding the circumstances around which it was 'dealt'.
Many of the creditors at the meeting were aware of solid rumours that the $95m last minute 'deal' was not transacted in a true and honest commercial manner. Yet after a number of weeks inside of Opes Ferriers did not even truly discuss the concerns. Why?
On another point, ANZ and Ferriers have been denying that a settlement may be under negotiation until continually pressed by media and then only confirmed once the ANZ felt a little vulnerable. Now Ferriers turn around to Opes creditors and advise them strongly to reverse any action they may have taken to empower themselves. Ferriers view it as being detrimental to the overall case, and it may well be, but a bit of measured guidance (rather than total denial or false hopes) along the way would have helped.
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