ANZ TimberCorp 14,000 investors against the wall - 6.3 billion profit - 400 million drop in ocean for them

ANZ who funded most of Timbercorp Finance loans is now going to collect 470 million The appeal failed as the judges said the product disclosure statements although misleading were not relied up for the investors to make the decision. PDS is an ASIC regulatory requirement for the purpose of investors to make informed decisions. Also the claim the investors were not advised of financial Risks exposed to Timbercorp was due to Timbercorp not being aware of the risk. As an investor and risk expert I find these statements false. I did rely on the PDS. As a Risk Subject matter expert. Financial Risks are top of the list, and on top of that list is financial viability. Claiming I did not know about the Risk is never an acceptable excuse and you must prove that you did due diligence in your financial Risk reviews. The two components the judges rejected are basic fundamental requirements. ANZ who funded the majority is going to collect the 400 million at the expense of the investors all 14000+ of them. ANZ made 6.3 billion profit this year. I have seen them cut projects part way through after spending hundreds of millions of dollars. Giving the overwhelming evidence in support of the investors ANZ should wipe the debt.