Have looked into and if you go to the Opesprime website and look...

Have looked into and if you go to the Opesprime website and look under equity financing it states that it is similar to margin lending and theat you retain beneficial and economic ownership. At no times does it say that you sign over control of your shares. This is a very grey area as under risk it says that if opes prime goes under you become a unsecured creditor. However they offer numerous types of facility's and this is under the gerneral terms and agreements. Under the specific heading it states that you retain beneficial and economical ownership. If the bank takes ownership then they must take responsibility to all market actions. This has not happened according to the papers.

I think this is just a case of the ANZ just having a quick grab at the cash to cover their exposure to some dodgy dealing by management of Opes prime and then they will worry about the ramifications later. Realistically the ASIC should have stepped in way before now and are still dragging their heels in sorting this mess out.

Now back to CQT a orderly book build will be great in that the stock is not just slammed onto the market. Will probably see some of the bigger boys having a grab at them so should see a stable market on opening with some possible positives to come out of this.