Here's a response which I've received yesterday from ASIC:
Dear Mr... SULTAN CORPORATION LIMITED (ACN 061 219 985)
Thank you for your correspondence of 22 March 2011. ASIC values the information we receive from the public and complaints such as yours assist ASIC in working to build confidence in the integrity of the capital markets.
ASIC conducts an assessment of every complaint we receive. The issues you have raised will receive careful consideration and have been recorded on our internal intelligence database.
In determining which matters we will select for further action, consideration is given to the availability of evidence and a range of factors, including the likely regulatory effect of any available action.
As ASIC is precluded from commenting on operational matters, we are unable to provide further details regarding what, if any, action we may or may not take in relation to the concerns you have raised.
If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.
Please note that ASIC will only contact you again in relation to your complaint if we require further information or evidence to assist in our enquiries.
Yours sincerely,
Sarah Diamond Misconduct & Breach reporting Steakholder Services.
What a totally crappy, generic and useless response. I don't even think she's read my letter. I think it's just a standard automated response.
I specifically did tell them in my letter that I have prepared a spreadsheet which clearly shows the BOTS depressing the SP of SSC and I specifically did not attach that info to my complaint so they would contact me and request that info. The 3rd paragraph of their letter says that any further action depends on the availability of evidence. Hello, you drongos, I have it and I have told you about it yet it seems you don't want it because you or your automated computer system has already made up your mind.
Sorry, but that's not good enough and I will be responding appropriately.
SSC Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
