cudeco(cdu) trading - representations, page-351

Hi CDU'ers,



The following is the text of a letter that I have forwarded to the Hon. Bernie Ripoll, MP, Parliamentary Secretary to the Treasurer, Parliamentary Secretary for Small Business, concerning the trading etc. of CuDeco on the ASX asking for a reappraisal of the situation, and for some positive action by the Government re manipulation on the ASX:-


""24th April, 2013.

CuDeco(CDU) Limited - Trading.

Dear Hon. Bernie Ripoll, MP,

Thank you for your reply to me on the 15th April, 2013, concerning my representations to you about the selling and trading in CuDeco, Lynas Corporation,Billabong Corporation and Echo Entertainment.

You mentioned in your letter that if I believe that I have the evidence that market manipulation has occurred, that I should report the matter to ASIC.

I have attached copies of letters that I have written in recent months to ASIC on the topic.

All the letters were sent personally addressed to the Chairman on the undermentioned dates:

2nd May, 2012.
16th May, 2012.
21st June, 2012.
2nd August, 2012.
29th September, 2012.
4th October, 2012.
26th November, 2012.
6th December, 2012.
11th January, 2013.
9th March, 2013.
23rd April, 2013.


All the letters indicated therein, additional research material, which showed discrepancies in trading happening in the Australian Securities Exchange(ASX).

I have not had any response whatsoever on the results of any investigations ASIC may have undertaken to this correspondence.

I would appreciate it very much if you could take the matter up with ASIC at your Level. It is most annoying when the responsible Authority does not heed the call for a proper and thorough investigation, when in-depth research material is presented for examination and further attention. As an example, I requested ASIC to do a forensic audit of CuDeco (CDU) securities on the 18th August, 2010, and I was informed that the cost was prohibitive and, therefore, would not be undertaken by ASIC.

I understand the Government has provided ASIC with millions of dollars of extra funding for this type of exercise to be properly undertaken to detect manipulation of stock.

Please do something positive about this. Manipulation is rampant and hurting financially many thousands of mum and dad investors, many of whom have Superannuation Funds invested in shares.

All that is required is a fair and honest market to trade in. The problem is endemic,and I feel that the Government must step in to resolve this catastrophic problem in
our share market. Also, it would be good for the financial running of the Nation.

Yours sincerely,

Maxw........



Referred for the information of CDU shareholders concerned.

cheers

Max