But they could also notify the court that they have settled the matter out of court. We should know soon! I think those big 19c sell orders are what remains of yesterdays anz dump. The appropriate time to announce a positive court outcome might be when the anz shares are all gone. Then we get two announcements. A win in court and anz with no ady shares left!
Looks like ANZ is caving in on opes:
theage.com - May 9, 2008 - 10:07AM
"The most likely outcome is said to be a Deed of Company Arrangement under which ANZ agrees to, say, a 70 cents in the dollar payout for Opes unsecured creditors in return for a release from litigation and a quick end to an ugly saga which could drag on for years."
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
