Re: Banter and General Comments, page-20

No, neither the ASX or ASIC will care to comment. They simply could not care less because they are part of the corrupt system that allows this.

The few politicians we have either engaged with or attempted to engage with do not care either.

The best way to get action is to get more and more people to watch this You Tube video. Hopefully over time there will be a groundswell of public opinion that will demand action be taken. Personally I think there needs to be a Royal Commission into this. The impacts on Australian savers (everybody if you count superannuation funds) is far worse than the misbehaviour by banks.

At the end of the day, we have manipulation behaviour going on which is contrary to the Corporations Act:



But of course the ASX and ASIC don't give a toss.

If you watch the video, you will see how UBS managed to manipulate the share price of Kingsgate Consolidated (KCN) for a period of 4 years. I think it was 1.6% of all trades (almost all of which were below $500 in value) which were responsible for 94% of share pricefalls.

From the video (at the 17 minute mark), here is the list of other companies that have also been subjected to the same manipulation.

Our Galaxy is on the list. 43.5% of all down trades over a period of 36 months has been caused by small trades of < $500 which have accounted for 0.17% of selling.

Most of the companies on this list have been cheaply taken over or had their assets stripped as they have gone into administration. GXY's hoard of cash is likely to be the only thing that has prevented this from happening, although the possibility of a cheap takeover is ever present.

Here is the final slide from the video that sums things up nicely:


Maintain the rage. Tell everyone you know to watch this video.