For other people who don't like embedded links below is the crux of the post I alluded to previously. I tend to think that the facts here contain insights as to why the trading of our shares is so volatile. Please note I have avoided the use of the word "manipulated".
To appreciate my mindset, you first need to have a look at the entire machinations of this rather than just what you know through the prism of a single entity.
After reading several internet threads and conducting rudimentary investigations I came to have concerns with regards to the control being wielded in the sharing of information and the trading of shares in several somewhat related stocks on the asx. It is necessary to look at the following information in its entirety before forming a view as to whether there is a valid concern or not.
All of the following information is
easily substantiated through the websites of the companies involved or by a company search using ASIC’s registers.
Some of the companies concerned are
SMN, NC6, HZR, PKD,and
PAA.
The inter-related parties concerned are:
Mac Equity Partners: (AFSL 338 731, ABN 32 126 369 640)
Suite 7, 29 The Avenue, Nedlands WA 6009
And
Straight Lines Consultancy
Suite 39, 1 Freshwater Parade Claremont, WA 6010
It should be noted that Straight Lines Consultancy’s previous address was:
Suite 7 / 29 The Avenue, Nedlands WA 6009 (yellow pages says it still is) and that
Lydia Fee, Straight Lines Corporate Consultant, previously held a position with boutique stockbroking firm, Mac Equity Partners, where she was responsible for administration, compliance and event management. Again, view their website.
I have tried highlight below connections between these companies. Showing the direct relationship between the company, Mac Equity Partners and/or Straight Lines consultancy and highlighting common executives/ non-executive directors engaged by these companies.
Please note, viewing the top 20 shareholders list from these companies also unveils several staff that are or were heavily invested from both Mac Equity and Straight lines (eg. Jason Skinner, Executive Director, Corporate Adviser for Hazer Group Ltd (ASX:HZR))
HAZER
Registered office address
Suite 2, 29 The Avenue, NEDLANDS, WA, AUSTRALIA, 6009
Head office telephone (08) 9389 7050
Head office fax (08) 9389 1464
Directors/Senior management
Mr Tim Goldsmith Non Exec. Chairman
Mr Geoff Pocock Managing Director (former)
Mr Andrew Harris Non Exec. Director
Ms Danielle Lee Non Exec. Director
Mr Terry Walsh Non Exec. Director
Company secretary
Ms Emma Waldon Company Secretary
Former Director and Top 20 Shareholder (former?): - Bryant Mclarty
Top 20 Shareholder: Jason Skinner (former?)
So here we have a company that is in the same building as Mac Equity Partners, with a now former Managing Director (Geoff Pocock) and current Secretary (Emma Waldon) working for a former Director (Bryant Mclarty) and with an Executive Director of Mac Equity (Jason Skinner) being a Corporate Adviser to HZR.
Nanallose - NC6
Lead Manager (Prospectus) – Mac Equity Partners
Directors/Senior management
Dr Wayne Best Chairman
Mr Alfie Germano CEO
Mr Gary Cass Non Exec. Director
Mr Terry Walsh Non Exec. Director
Mr Winton Willesee Non Exec. Director
Company secretary
Miss Erlyn Dale Company Secretary
Top 20 Shareholder: (At listing)
Bryant James Mclarty
Jason Paul Skinner
Mac Equity Partners International
This is a company with directors that are common to several Mac Equity Partners associated companies. The top 20 shareholders list as well as the promotional material, on
http://macequity.com.au clearly show the interest involved.
Structural Monitoring Systems - SMN
Directors/Senior management
Mr Toby Chandler CEO
Mr Michael Reveley Executive Director
Mr William Rouse Executive Director
Mr Terry Walsh Non Exec. Director
Company secretary
Mr Sam Wright Company Secretary
Former Director of SMS Ltd – Lydia Fee
Top 20 Shareholders
Bryant James Mclarty
Straight Lines Consultancy
Again, we have a repeat of directors that are common as well as the company secretary and a former director of the subsidiary company (
Lydia Fee, ring her and ask or look at the ltd company history on asic) who, as previously detailed, is associated with both Straight Lines and Mac Equity.
PAA - PHARMAUST LIMITED
Directors/Senior management
Dr Roger Aston Chairman
Mr Robert Bishop Executive Director
Dr Wayne Best Non Exec. Director
Mr Sam Wright Finance Director
Company secretary
Mr Sam Wright Company Secretary
Former Director – Bryant Mclarty
ParkD - PKD
Registered office address
Suite 2, 29 The Avenue, NEDLANDS, WA, AUSTRALIA, 6009
Head office telephone +61 8 9429 8863
PKD Directors
Mr Peter McUtchen Managing Director 20 Oct 2016
Mr Bronte McGregor Howson Non-Executive Chairman, Non-Executive Director 10 May 2017
Mr Robert (Bob) W Freedman Non-Executive Director 4 May 2018
Mr Bryant James McLarty Non-Executive Director 21 Dec 2016
Company secretary
Ms Emma Waldon Company Secretary
Lead Manager
Mac Equity Partners Pty Ltd (AFSL 338731)
Substantial Shareholder as per pg 11 of Prospectus – Bryant Mclarty
Again, an asx company which has its registered office in the same building as Mac Equity’s with a Director and company secretary that are the Executive Director of Mac Equity Partners and his direct employee.
Advanced Transmissions Holdings (Pre-IPO)
Lead Manager (Prospectus) – Mac Equity Partners
Terry Walsh - Proposed Director
Again, common “proposed” director.
ASIC report 393 Handling of confidential information: Briefings and unannounced corporate transactions states:
254 Under the Corporations Act, AFS licensees must comply with the general licensing obligations as set out in s912A of the Corporation Act. This includes the obligation to :
(a) do all things necessary to ensure that their
financial services are provided efficiently, honestly and fairly;
(b) comply with financial services laws and to take reasonable steps to ensure their representa tives do likewise;
(c)
have adequate compliance arrangements;
d)
have adequate arrangements for the management of conflicts of interest that may arise wholly, or partially, in relation to the provision of financial services; and
(e) have adequate resources, be competent, and ensure that representatives are adequately trained and supervised.
To put it quite simply, I’d like to know (no accusation here Mr. Moderator)
how there is “adequate arrangements for the management of conflicts of interest” when there is such a confluence of associations and I think it prudent to bring to investors’ attention the relationships that exist in these entities.
(20min delay)