SGH 0.00% 54.5¢ slater & gordon limited

ASIC, page-3

  1. 23,273 Posts.
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    Sample letter to ASIC;

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    To whom it may concern,

    I have seen the value of my holding in Slater & Gordon (SGH) lose more the $XXXX due to Hedge Funds allowed to run rampant. They are manipulating the market with millions of dollars forcing the share price down.

    Everyone knows it's done because there is no law against shorting. It's not a level playing field for investors because we don't have access to borrowed shares to short like hedge funds. There needs to be a ban or at least some rules in place. How can the regulator stand by do nothing and let Hedge Funds wipe out SMSF and mom & pop investors?

    Also it would be nice if ASIC would let the market know if they have found any serious issues or not with Slater & Gordon even if the the review is ongoing. Shorters are trying to panic the market with uncertainty about this to drive SGH share price down.
 
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