i think they were initially conservative..., page-92

crackpot...

"[do] you know what the regulator could do ?"

Yes...simply enforce the law...it's not too much to ask is it?

Everything we do in the market is on record...paper-trail as it were...and in this case simply identify all the sellers and compare them to all of the buyers of the CR...I guarantee you their will be multiple matches.

Easy so far...and at the minimal cost of a junior desk clark spending an afternoon or two sorting through the settlement records...so no "underfunded" excuses please.

Send this information to police to check phone, email, txt, etc. records of those identified who were both sellers from the spike and buyers of the CR...so you can establish potential links and/or conflicts back to the CR.

You now have a list of potential insider trading cases.

If the fines/enforcement for insider trading was set high enough, not only would it put a stop to it, but the process of enforcement would self-fund...in fact, it might even become a net-profitable exercise for the regulator.

Problem is, the regulator is part of the system and for all intents and purposes effectively gives tacit approval to the process, which is little more than wholesale stripping of value from shareholders (including the superannuation savings of all Australians).

The whole country is losing out...not just the odd hapless retail shareholder who typically cops the brunt of it.

Cheers!