AT1 FY21 - General Discussion + FA, page-428

I learned a new word yesterday from Jim Rickards re the gold price manipulation (yes, the doers have been fined). It is 'spoofing'. You put buys and sells in the market that you have no intention of fulfilling, to affect the share price.

On AT1, today, I looked at 2 mins to 10 am. Wow. A 150k seller at 31 cents. And would sell into the 200k buyers at 31. Yet now when I check the 150k buy/sell, I see it did not happen. The buyers (200k) are still there in market. The 150k seller at 31 is gone - did not fulfil. A completely illegal practice on the ASX. The 150k sell at 31 was a spoof.

These practices happen daily on AT1. With a lack of financials (being a fresh new company) AT1 is prime for illegal activity. It is what it is. It is illegal. And it is easily proven. But we all know what happens. And ASIC and ASX know. They just dont care. I was temped to buy a new lot at 31. But alas, it was a spoof, I would have wasted my time.