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Removal of a Director by members, page-169

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Nooch

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14/05/17

11:17

Post #: 24675912
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Originally posted by Fitza ↑

Easy to throw mud at Directors of companies. What about the Groups of short sellers working to destroy a share price? This was mentioned in ' The Australian ' this week, in the further sp drop of Quinitus (I may have spelt that slightly wrong) where a Group of short sellers were blamed for the start of the slide in the sp. Apparently, they placed a value of zero on the business which started the panic run(s) on the sp.

Then there are the Bot traders. XPE mentioned them in a recent announcement.

Also, just for the fun of it, let's mention Slater and Gordon. Or, 1PG - my favourite for a dramatic drop in sp from a high of $5.69 to currently around 15 cents, or thereabouts.

Here are some I have been familiar with and who are not exactly shining stars on the current sp:

NOR from 5 cents to less than 2 cents in the past 12 months. Even worse if you look back to the high, where it hit 16 cents.

TV2 from 5.8 cents in the last 12 months. Currently around 0.008 cents.

IOT from 16 cents to around 2 cents currently.

Heaps more examples out there which I am sure you and other posters on here know about.
From memory, most of the companies I was invested in, were going great guns until the Brexit announcement last year. That seemed to be a catalyst for the shorters to go in boots and all to the Tech companies share prices.

The ASX itself is a joke too - never ever got close to the 6,800 points in reached in late 2007.
Compare that to the DJIA in the same period.

A bit of truth and reality for you in the above figures. I do resent people saying they are speaking for me and posting endless postings on a HC thread, as if they were speaking for me. Sometime, the bigger picture, behind the smoke and mirrors, needs to be considered.

Why not start a thread about the Bot trading, for example? There is an issue affecting every sp.

All my personal opinion of course. Not investment advice. Do your own research.

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Exactly!

XPE Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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