Mick Gatto and Opes

"I prefer the personal touch you only get with hired goons." - Montgomery Burns

Do you realise how laughable this situation is? Here we have ASIC and the ASX floundering around doing absolutely nothing. Meanwhile Mick Gatto is on a plane to Singapore now trying to get things done! Has the world gone mad?
ASIC/ASX, you are the laughing stock of the entire world.

Alan Kohler has an interesting take on this development suggesting the connection to underworld figures may have been the reason why Laurie Emini took such a risk for his so called "friends". No it's fine to lend a mate a few dollars or shout him down the pub but to let him run up a $100 million plus debt that will ruin your company, career and send you to jail is something else. So why then? Maybe fear. But I think there was a healthy does of greed as well. It will come out shortly that Laurie and other directors were trading their own accounts through offshore companies and I suspect there is some relation to the "6 friends".