And this is what he said in Nov. 2006 "Mr Gillooly said that Opes Prime had an exciting business model. "Opes Prime successfully identified a growing niche in the securities lending market for smaller players. They will soon bring their creative flair and flexibility to other niche areas such as structured products.
"Opes Prime has invested strongly in their management team and technology and I look forward to assisting their expansion into other specialist areas", Mr Gillooly said." Source Company News Release.
Took him a while to wake up and judge the characters around him. I have no exposure to Opes but was recommended to invest. But took a big steer away! Luck or good judgement? not sure. As many of those exposed must be thinking. I find it hard to blame investors for the incompetency (and maybe more) of Company Directors and "expert" advisors.
