cudeco(cdu) trading - representations, page-411

Max, your moderated post (presumably because of its length) said:

"The overall price movements of CDU for the month of June, 2013, was a gain of 12c and a massive loss of $1.89. A net loss of $1.77 in the CDU share price as a result of the shorting/churning undertaken."

Max, you know that isn't true. M&G told you it's not true, Wayne has told you it's not true - I have the greatest respect for your efforts with this, but how do you expect to be taken seriously when you blame it all on shorting and churning, and ignore M&G's massive selling in the month?

Then on the 19th of June you posted:

"This resulted in an average of 230,000 CDU securities being traded daily {during May}, along with an average daily 28%
of the stock being shorted. The price movement of CDU for the month was 80c gain, 79 cents loss,a truly remarkable achievement.

A company trading some 230,000 shares daily on average out of some 200m shares, to my mind, would indicate that the Cornerstone Investors, Institutional Holders and other long-term CDU shareholders are holding most of the stock and are not interested in selling. They are waiting for mining to commence at Rocklands, and the likely quarterly dividends which are imminent."

So in May 28% of the stock traded was shorted, and the SP rose 1c. In June, 23% of the stock was shorted and the stock fell $1.77. the less the stock is shorted, the more the price falls. And your point is? Shorting is bad?

And now you know. The cornerstone investor IS selling, partly because quarterly dividends, far from being "imminent" are a minimum of 18 months away. Probably much longer.

What are ASIC, the ASX, numerous govt. ministers and bureaucrats to make of all that?