opes prime update in relation to rrs sp, page-33

I imagine Deloittes would have a tiering system.

(I think rrs would fit around tier 4.5 with maybe a surprise tier 2 inclusion)

TIER 1

Smaller to medium parcels of liquid stocks would most likely be included here, along with linked cmt account balances....( this group perceived as mostly non litigious ) A significant source of cash here.

Status.....mostly executed now..

TIER 2

Large parcels ,,,all securities, placed into a holding pattern condition,(special transfers at special prices, disconnected from orderly market transactions for legal and corporate reasons.)
This gives high value customers an opportunity to reconcile.....( this professional group is litigious )
A good source of cash, as well as the most significant demographic to pander to, in the name of orderly market protection and class action legal cost mitigation.

Status.....the liquidators are all ears and expect much proactive reconciliation.


TIER 3

Liquid to not so liquid med to small caps.

Feeling the program and experiencing some localised pain.

Cash recouped disappointing and may create vocal minority class action from dolphin kissing tree huggers.

Status...bag limit being questioned by fisheries inspector.


TIER 4

Not so liquid small ord and junior exploration Co holdings

Less researched by the secured creditors and their appointed liquidators,,,,set a few sell orders and test the waters...not a particularly highly priority for cash realisation,,, not even moderate priority. AFL equivalent.....the five percenter

Status....burly pots are in and tide charts are being used the only known harvesting statistic.


TIER 5

Illiquid stocks, unresearched stocks, obscure stocks.

Virtually no quality research available. Virtually no return potential..

Status....burly may be better used elsewhere,, study the piscatorial species book to gain an understanding of their palatability during lunch break, hand portfolio to the pimply work experience kid and see if he can make beer change for the wind up party in 3 years time.

Status.....coupla weeks of reading required,,,, work experience kid to brief next work experience kid on progress mid April.



TIER 6

The Caymen Island registered plicks that are responsible for the ''surprise'' fiasco in the first place.
More chance of work experience kid recouping full amount, than trying to locate tier 5

No offence intended Opes primers.