how does wayne do it?, page-55

"to date"



So I see that the Senate Inquiry into ASIC will begin very soon, and "to date" CuDeco and others will be well represented at the Inquiry.

It will be an interesting exercise in Democracy to see what eventuates, with ASIC required to explain some important matters concerning CuDeco and others.

Some examples like the manipulative abuse of trading algorithms in daily trading and in regard to controlling opening and closing auctions. Also there is the manipulative short selling practices, the extensive wash trades. There is also the very high levels of collusion in swapping shares back and forth with no change to beneficial ownership by the groups concerned. There is also the likely cartel behaviour in monopolizing trading and creating artificial prices, and brokers trading on inside information prior to placements. There is also the leaking of inside information to the press to destabalize companies and irregular securities lending dealings; and the management of short positions so as to circumvent fair price discovery.

Hopefully, the Senate Inquiry Members will bring these matters up "to date" and action the wrongs. As a CDU shareholder, I hope they do too.


cheers,

Max