What is annoying for investors is that the SP is completely at odds with what is coming from the company. ie. The company is releasing positive announcements, making progress on schedule with no apparently delays etc. You might expect this would have supported the SP at $1.00 or maybe even 80c, yet the SP keeps falling. At each bottom there is no bottom, only another bottom further down.
Then when queried by the ASX on large falls on heavy volume the company denies knowledge of anything going on. Are they willing to make a statement saying there is no manipulation happening by brokers X, Y, and Z colluding together? They would be in a position to know so if it's indeed true then they are just and bad and are allowing it to continue by taking no action. If the company responded to the AX query with, yes we are the target of manipulation by brokers X, Y, and Z and we are pursuing it with ASIC etc. then that would at least show they are on the side of investors and care about shareholder value and not just appeasing the big boys latest scam of rapid wealth transfer.
DTE Price at posting:
14.1¢ Sentiment: None Disclosure: Held
