MatrixView discloses to ASX Opes Prime dealings

In a statement to the ASX, MatrixView declared that none of its directors had shares in the company. However a review of matters has shown its chief executive officer, Anand Thyagarajan, had “omitted to the company of two separate transfers of shares made in September and October 2007”, the statement revealed.

Opes Prime first came to media attention in March, when the stock broking firm collapsed and left many investors wondering where their money went. The company was formed in 2003 by Laurie Emini (former ANZ executive) and Julian Smith (former Ord Minnett executive). Opes Prime was established as a “specialist securities lending and margin lending broker”. ANZ and Merrill Lynch were Opes Prime’s bankers.

MatrixView isn’t the only technology company to be questioned about Opes Prime. Recently, Commander declared to the ASX that Opes Prime’s holding in the IT and telecommunications service provider were inconsequential and had already been sold.

Other technology companies to be touched by the Opes Prime collapse include Ebet Limited; Hyro Limited; Q Limited; Powerlan Limited and Intrapower Limited, to name just a few.

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