Ann: Trading Halt-ICQ.AX, page-30

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bitluck

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03/09/16

10:09

Post #: 18905502
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Originally posted by cheekyjcer ↑

ICQ was trading above 80c for a long time. On July 15 ICQ was trading at 80c; IMHO management already knew 15 days after the end of the half year what the financial situation was. It could have been ethical from their part to reveal to the market what their capital raising plans were back then by placing a trading halt and offering the same deal but at 60c or even 50c a share. But no, of course they wouldn't act in the best interest of the retail owners of the company, instead someone with clairvoyant powers knew what was going to happen and started selling the stock to a point that coincidentaly would fullfill the greed of those who are participating in the current capital raising. What is astonishing is that ASIC can easily trace the share trading activity since July 15 and find out who was the entity or entities behind the share price drop as all the information is stored in ASX/Chi databases but No, they never do that, they seem to be acting on behalf of the those with power never on behalf of the powerless. Come on all the evidence is there, how can ASIC be so blind!!! ... they are not blind, they act as it they were though.

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I should add that those parties that are benefiting from acquiring the shares at 32c if they still possess a little bit of ethics running in their blood they should put the share price back to the price that would have been ethical to do a capital raising; that is around 60c.

ICQ Price at posting: 35.5¢ Sentiment: None Disclosure: Held
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Ann: Trading Halt-ICQ.AX, page-30

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