Thanks
@ddwn I'm glad to hear you're excited and maybe others are generally sanguine or relaxed from where I'm sitting.
But we are back at $1.79 again and the serial MSB pest would jump to applaud that prices can just go up or down.
Well I get that - but we have a succession of reasonably positive development, and I accept the analysis by
@ecoool2 attributing a big part of the sp moving around the sub $1.90 level to the shorts winding back positions - and even lenders calling back loaned stock so they can sell! I didn't want to waste time reading a short version of the bible just to get a single point. But here is the part that sticks in my craw.....not a word to be heard about actually BUYING the company. At a time when companies making powdered milk get multi billion dollar valuations, our company stands on the verge of maturing into a global supplier of ultra high tech stem cell therapies that might save or lengthen millions of lives once we get past the big pharma vultures (who some say are hanging back hoping for a buyout FGS!)
The constant grinding of our share price through $1.70 - $1.90 I put down to just one thing (with thanks to
@ecoool2).
It's the industrial scale of short selling - motivated by pure greed in the first place ( 100% anti investment) and then fired by the additional fear of being painted into a disastrous short squeeze and having to deal with the long time required to use price manipulation strategies to castrate their own their ill conceived shorting strategies in the first place.
You could not print the detail of what I would prefer to see done about shorters...but here's a hint:
ropes would be involved.
If that's not possible, why not a tax imposed on every single computer generated order (buy side and sell side) passing through the ASX - and I mean every single completed transaction, especially those for one or two shares. Obviously heavily loaded in the front end and tapering off when the transaction value passes through $5k - $10k where actual small investors, SMSF's might be at work. Without such a tax, computer trading manipulation is just an unregulated whore house where white collar criminals get to work in an air conditioned office.....every mouse click, every ping totally beyond the reach of ASIC, ACCC, ASX, ATO, Treasury. Bring it on: if I had to pay an additional turnover tax bill of one or two thousand to be able to invest in a clean system it would be a bargain.
If you thought the RC findings into banks and financial advice industry was bad......you ain't seen nothing if they ever get around to stock trading.
(20min delay)