Athyrio,
Agree with your comments re policing by ASX but wonder if they have better understanding of the trading of MFS and there were reasons to grant extended suspension?
Reforms have been enacted because they and ASIC are FULLY AWARE of the extent of the short selling and juggling game going on.
Further info coming to light in the courts.. in relation to my interest in ANZ seizure of MFS shares from OPES and not disclosing this holding until months after the halt to trade...
If you are familiar with the OPES saga...They procurred extra funding from ANZ ..around FEB 28th'08 BUT NOW...
according to Page 11 Weekend AFR....
Opes was insolvent for 6 weeks or so prior to ANZ establishing Preferential Security...
Thats about the end of January ???Isnt it?
AND shares were shuffled between OPES accounts to stop margin calls and unknown identities are involved and only at a much later date around March were OPES problems reported..
finally ANZ hurriedly sold everyones seized shares.
OPES problems were never reported as near this JANUARY date.
What about Chimaera and others?
I am inferring nothing just wanting disclosure and wondering why MFS never got it re trading...spectacular trading...on one day..
It just so happens that many countries can act together on the same day to bring in short selling reforms...and MUST have been watching this for some time..imho.
Athyrio this was a profitable Company ...all the accountants cant be wrong...
OCV
octaviar limited
