opes impact on cnp

Wonder how many CNP had that are about to be dumped. Hopefully all flushed out by now, but never know

"Like Tricom, ANZ and Merrill were the bankers and the securities were not all S&P/ASX 200 stocks. The small company holdings will be hard to offload without driving market prices down dramatically.

It is understood Merrill's and the ANZ's lending is covered by the value of the shares but market speculation has it that the bankers may offload some stocks as low as Opes clients' loan-to-valuation ratios (LVRs) to protect themselves against a further drop in the market."

http://business.theage.com.au/opes-goes-subprime/20080328-223z.html

http://www.businessspectator.com.au/bs.nsf/Article/Opes-Prime-Stockbroking-gets-receivers-D5V87?OpenDocument