So while Tricom investors were being bailed out by ANZ, Opes clients can expect around 30cents in the dollar.
I can't quite work out the maths...it was reported ANZ and others were owed $1050 million...clients had a reported $500 million in equity and there is currently $1589 million with ANZ et el. In addition there was a reported $400 million in other related companies of Opes...so why the low estimate? According to those figures there should be more than enough to pay back to clients.
So my offer to ANZ is this.
You will pay me 100cents in the dollar.
Otherwise you will be dragged through the courts for two years, forced to pay all legal costs and then be required to buy my shares back on market with supply locked down so tight you be paying 3-4 times over the odds. Sound fair?
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4 comments:
You do realise that the 30 cent was the figure before they started selling the shares at a massive discount?
are you aware when you seach for this page on google or yahoo nothing appears
The search engines are slowly picking up the site. Since I only created it a couple of weeks back it may take another week before it's fullt indexed.
Face the facts. The return to Opes clients will be zero (0) cents in the dollar. The sooner clients are told and come to terms with this the better. The last thing ANZ wants is for clients to get any return, even 1c in the dollar, as they know this money will be used against them, to sue them. And they do not want this. We will just have to take the loss and get on with our lives as best we can. We live, we die, and the wheels on the bus go round and round.
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