You may remember that the AZS buying stack last week was huge and indicated 132M to buy and I think about 20 mill for sale. At the time AZS was trading at around 4.5 c and there were two 50 Million buy orders at a price that would never execute (0.1c) that impacted on this apparent buying demand.
I asked ASX to clarify its position on such orders and I have now received advice from ASX which in essence says that those orders were within the bounds of ASX rules and should anybody believes that this is false or misleading then this should be taken up with ASIC. Moreover they suggested that the impact of the orders would have been questionable.
Curiously those orders seem to have now gone. They have provided a link to a statement of what is in their jurisdiction as follows:
