"In August Mr King agreed he owed the failed margin lender Lift Capital $13.8 million. That was after Lift's administrator, Tony McGrath of McGrathNicol, sued in the NSW Supreme Court to recover $25 million it had lent to Black Teak."...
The beneficial ownership of margined shares has been the subject of much debate and the possible non-disclosure of substantial shareholdings by some lenders ..also the possiblity of those shares being lent out to short sellers.
I have been trying to understand this in relation to MFS.
There are a number of court proceedings taking place that may clarify some points but I am not able to gauge their relevance or importance to MFS.
If you are interested there has been a recent case involving Lift Capital and parties involved with margin loans.I would appreciate any comments.
http://www.lawlink.nsw.gov.au/scjudgments/2009nswsc.nsf/6ccf7431c546464bca2570e6001a45d2/d3f352c8b4ce102fca257544007b4034?OpenDocument
OCV
octaviar limited
