Joelbaby - agree, that the market on Monday will be seriously compromised (more than usual?!) by various parties having inside knowledge of pending/past Opes Prime-crash related transactions.
The problems within Opes Prime were identified around Easter time and obviously known to a growing number of parties...the general public has only just found out.
Why was the ASX not informed at that time?
Apparently there is a report in The West Australian this morning (I was told, don't have a copy myself) of an Opes Prime client, who contacted another leveraged account broker to transfer his million dollar+ holdings from Opes Prime, at 7.30am on Friday. This person was successful in changing brokers, and was able to trade on Friday with his new broker.
Question is: how/why did this particular client get the tip off to exit Opes Prime, ahead of the rest of the pack? And who else got the tipoff?
cheers
Marny
Joelbaby - agree, that the market on Monday will be seriously...
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