cudeco(cdu) limited - representations, page-32

Hi CDU'ers,

The following is the text of an email that I have sent to a Reporter at the New York Times on the 31st October,2013, concerning the trading of CuDeco(CDU) Limited Securities on the Australian Securities Exchange:

"Attention:
Ms. G....... M........,
New York Times.

Dear Ms. M........,

Further to my email to you on the 23rd October, 2013, concerning the trading of CuDeco(CDU) Limited Securities on the Australian Securities Exchange, I wish to advise you that a further blog "CuDeco Shareholder Research" document submission to the Senate Inquiry has now been published on the web.

It takes the form of a submission to a Senate Inquiry into the Australian Securities and Investments Commission's(ASIC) operations that is currently underway. The Government website link is as follows:
http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/ASIC

Refer: Submission Number 213.

The submission is also available in Chapter 9 of the "CuDeco Shareholder Research" document Blog from the following link.

www.scribd.com/cudeco_research/collections

The direct link to the document is:

http://www.scribd.com/doc/176832344/9-0-Senate-Enquiry-Introduction?in_collection=4378631

The submission consists of a single document with links to a variety of supporting information and refers to systemic issues affecting the Australian Securities Exchange(ASX), and the difficulty in gaining an appropriate regulatory response to address them.

Extensive research into trading and registry data has proved beyond doubt that share price manipulation is taking place on the ASX on a daily basis through a variety of mechanisms, all of which have been identified by research and presented to the regulator. While CuDeco has provided a window in to the trading issues, the same issues have been shown to be systemic in scope, with direct implications for many stocks trading on the ASX. To date, the regulator has failed to acknowledge any concerns in regard to any of the material presented.

The rationale behind the submission is to create awareness by providing full transparency concerning data anomalies, so that investors can make up their own mind about the issues involved, and whether the market is being effectively regulated. Importantly, no questions have arisen concerning any of the findings presented, and no explanations have been offered that can explain anomalous data trends in a legitimate context.

It means that share price manipulation is the only explanation that can be advanced to explain chronic data anomalies that have been shown to have occurred over a period of more than 3.5 years.

Investors with concerns about the matters raised have been advised to contact their local politicians and discuss the issues with them for referral to the Senate Inquiry. The situation has become one of who regulates the regulator, and the Senate Inquiry presents as an excellent opportunity to kick start the process of implementing much needed reforms. Essentially it has become a political exercise with the concerns of all investors needing to be aired through the appropriate channels.

The aim of the research undertaken is to question the wide held belief that "manipulation is just the new norm which people just have to get used to", by ensuring that regulators actually do the job entrusted to them. Existing laws need to be properly enforced and loopholes need to be addressed with Treasury so that the necessary changes that guarantee their effectiveness can be made.

The submission references a further ASIC Complaint concerning the trading taking place as M&G Group disposed of their substantial holding of CDU Securities in recent months. It is anticipated that the complaint will be available by November 1. It has been referenced as ASIC Complaint 2013-4 and will be posted to the blog below as soon as it is available.


www.scribd.com/cudeco_research/collections



A Parliamentary Inquiry is considered necessary to look into manipulation evident in the Australian Securities Exchange.

From a USA aspect, a number of Financial Management Bodies trading in Wall Street is involved. Therefore, this well researched work may be of Public Interest to you and so the matter is referred for your information and any action you might care to take.

Yours sincerely,

Maxw...,


Referred for the information of CDU shareholders concerned.

cheers,

Max