Ann: Investor Presentation, page-4

Just got off the phone to a cfd provider and it's exactly what i thought. Leverage offered on MTU 4 - 10:1. If client has a margin call exceeding what they (provider) deems allowable they close the position irrespective. Gone are days where they send emails/make phone calls. Broker did say with DOW down 530 points on Friday night it was obviously going to affect all stks. Clients could have elected to 'close at open 9.70) or top-up their account between 8 - 10.am on phone by credit card. Unfortunately, some got closed-out below 9.00. SP now 9.88. That's about as wild a swing in 5 mins as I've seen since GFC days. But to sell when the exc yr end result was already out for folk to read is amazing. Wouldn't surprise to SP close about level today despite ASX down about 90points. Hold.