Zedster, you appear to be solely fixated about the T plus 3 clearing function of ASX trades and the use of Broker Nominee Accounts to help out where trades haven't settled. There are far more important issues involved here.
In so doing you appear to be claiming that Broker Nominee accounts never hold stock for clients who wish to remain anonymous? That's a big call! Are you really prepared to stand behind that statement?
And you seem happy to ignore the quite telling churn numbers. Don't forget that the trading activity of the entities listed have earn't them a place in the CDU Top 30 of the register. That in itself is quite an accomplishment and raises concerning questions.
What about the other Nominee Accounts like Brispot Noms, UBS Nominees, Warbont Noms etc etc who permanemtly hold stock on the registers of ASX entities and who have been involved in corporate actions at various times? You appear to have nothing to say about such activity. Why ignore this issue?
And what about the fact that these anonympous entities are even prepared to combine with unrelated entities to achieve what must be joint aims. Why, particularly as a non holder, aren't you prepared to consider the potential for such activity being directed towards CDU at some stage?
Just as a matter of interest, how do you explain the permanent appearance of the likes of Comsec Nominees in various companies as illustrated below, and for that matter the appearance of all of the other familiar NOMINEE NAMES (in blue) who also are associated with CDU and generally churn their holdings. Many of these companies have clout and are connected to the BIG END of town. Why would they be so involved with a dud stock?