The court has also heard critical proof about the overall performance of Woodlawn Capital in handling the fund, which dropped in value from about $43 million to about $thirty million.
He claimed the sole capacity he experienced acted in was "introducing people to potential prospects in PNG".
"With volatility spiking it had been hard to argue which the Australian market would not turn into embroiled within an aggressive selloff," Mr Possibility stated.
The business officer chargeable for having the positions was McNamara, who told the court he had experienced unjustifiable self-confidence during the toughness with the Australian financial state.
The revelations have emerged from a row over $43 million of PNG govt cash that was squirrelled absent in a little state bank branch in Lismore in northern NSW.
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