cudeco(cdu) trading - representations, page-115

Buddy,

It certainly wasn't my intention to "single you out". You sort of did that yourself. You stated your personal experiences as examples of why none of us can make a difference in getting change. I was merely stating that the two situations were completely different and unrelated however you don't seem to see the difference.

Seeking redress for past events involves deep investigation and uncovering specific evidence as proof. That is completely different to discussing percieved imbalances and debating rule changes to make things better. The people you go to seeking change is also different to those you go to when making accusations of misconduct.

Please excuse the crudeness of my analolgy here but if I go to the CEO and say that some scumbags have blocked up the toilets I would reasonably expect him to say "go and take it to ..... who will do something about it". If however I go to the CEO and say, "I've identified an opportunity to fix a problem with our core product that has resulted in mass customer disatisfaction" then he is more likely to say "take a seat". Horses for courses is all I'm saying and therefore the outcome that you experienced isn't necessarily relevant.

If you went to the ASA or other such body with an issue that impacted hundreds of thousands of Australian investors across every stock, rather than a specific issue impacting a few hundred investors on a particular stock then I'm sure they might have been better possitioned to get involved, as I'm sure they already are in this case.

I am not asking you to do anything on this issue and I have made absolutely no comments or suggestions relating to the separate historical issue of which you speak. Thats your choice and I respect that.

I agree with some of your other comments but they are unrelated to anything that I have posted so I'd rather not confuse the issues.


Re the ASX in your other post I also agree with you entirely. Retail shareholders should be very skeptical of what appears to be slight of hand style comments from the ASX. They are worthy of a politician in my opinion.

The ASX seems to have come out and said don't worry about all the percieved problems with regard to these unfair rules, the ASX and govt are talking and it'll be sorted out by the end of the year. Note that they don't tell you exactly what will be sorted and more importantly to whose advantage it will be sorted. They seem more interested in quelling the debate and making it seem like they are on the right side. Their actions seem to show otherwise.

Any talk of taxing HF trades is also rediculous. Thats like saying its okay to have an unfair advantage as long as the govt gets its take. How the hell does that help investors ?

PS. Sorry if my post caused offense. It absolutely wasn't meant to. I was purely trying to separate the two issues. Nothing more.