“The [individual applicants] retain beneficial and economic ownership of the lent stock, including full exposure to dividends and corporate actions, and exposure to market risk. The transaction can be reversed at any time.”
Extract from Page 5 of the FSG document (April 2005 version) signed by Opes Prime clients.


Tuesday, April 8, 2008

ANZ step up PR compaign

Over the last few days there seems to have been quite a few articles and stories being placed attempting to portray Opes investors as rich and reckless investors with connections to underworld figures. The latest being decribed in an article in The Age newspaper.

No doubt ANZ are heading to the courts for quite a few years and it helps sway public opinion if the general public don'y realise that a majority of clients in Opes were ordinary investors with families that have lost their life savings.

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