Ann: Share Placement and Share Purchase Plan , page-66

Hi IAM

Just because you see a cross trade it doesnt mean it was equal to the amount listed as a cross

Think of it this way im a broker who buys in one lump some 900k shares like he did this morning then sets up 25 accounts with 26316 share order he dumps the lots and from one holding moves the shares into 25 holdings now he or she is abale to particpate in the SPP and apply for the full allocation 25 times!!!

Below is the most recent extract of cross trades

09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed
09-10-2009 02:03 PM $0.019 26316 $500.004 Crossed


The boys are putting sells big enough to force people to sell into their real buy orders at 1.9 (its been happening last few days) and if it does move into 2c for the impatient mum and dad buyers the broker places more sell order in at 2c to stop the share from rising. Its disgusting but its happening right in front of our faces

Today is the last day to get onto register so expect a high volume before close and new trading style occuring on monday (maybe allow for it to run a little but not too much)