cvi how i see it, page-5

SSkim,

that is right, Smyh is printing new shares, and dumping them on the market, or existing buy depth at any price,

he is saying they are placed, and I believe these people are given shares to make it look good, but Pattersons just simply sell into any buy depth

ASIC are just hopeless, it don't seem they want to do any work, they get paid no matter what they do

BUT the only way Smyth can do this is when there is buy depth to sell into

If there is no depth then he must create some by pumping it up to a higher level, if there is buy depth he don't have to.

they know how to play this game though, when the depth drops or when they dump 20 mill shares in one hit like Global did, they pump up the buy side themselves, this is designed to get retail to put in buys, Smyth's job is then to send out e-mails, let the buy side build ready for the next dump.

It is sad for this to be the case, sad how a person of 70 years old can be a party to this, sad how ASIC have continued to let the retail market down.

But as I say, if the buy side drops and he wants to make more money from nothing, he has to pump it to get more interest.

At this point he would be happy to sell into 7 or 6, or 5, it does not bother him, 100 mill at .5 is the same as 50 mill at 1 cent to him, of course 50 mill at 1 cent would get him less nasty e-mails, not that anything seems to worry him.