ANZ 1.32% $32.13 anz group holdings limited

opes prime, page-6

  1. 490 Posts.
    Monk, I generally agree that it appears as though the game is up and the scheme (heavily amended by IMF in court) is heading for a vote, but can you please explain your Sweeney plan a little more clearly.

    If the plan is that Sweeney will lobby to shaft IMF\S&G and put the 11.5M in legals back into the pool then the IMF\S&G teams may look on the scheme in a slightly different light, and things could suddenly get messy again.

    If the plan is for Sweeney to lobby ANZ for another 11.5M to put into the kitty for legals, then good on him, but he can do that with his own posse, right now, and even take a $1M cut with my blessing.

    I would also like to add that it is very likely that Finkelstein will order all legals and fees to be paid out of the pool, in the interests of fairness. There are legal precendents for this (Aristocrat, etc) that he would have read up on. He may not have a choice to do it any other way.
 
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