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5.7¢ kin mining nl

Ann: Diggers and Dealers Presentation, page-62

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285 Posts.

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20/08/18

18:51

Post #: 35045465
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Originally posted by orga ↑

To the bidders at .01 and .02 it's my understanding that when entering a bid it is only allowed to be a certain percentage below the current sp. Your broker should know this!!
Check with ASX and I strongly recommend you get expert advice.
read rule below:

Part 5.7 Manipulative trading

5.7.1 False or misleading appearance

A Market Participant must not make a Bid or Offer for, or deal in, any financial product:

(a)as Principal:

(i)with the intention; or

(ii)if that Bid, Offer or dealing has the effect, or is likely to have the effect,

of creating a false or misleading appearance of active trading in any financial product or with respect to the market for, or the price of, any financial product; or

(b)on account of any other person where:

(i)the Market Participant intends to create;

(ii)the Market Participant is aware that the person intends to create; or

(iii)taking into account the circumstances of the Order, a Market Participant ought reasonably suspect that the person has placed the Order with the intention of creating,

a false or misleading appearance of active trading in any financial product or with respect to the market for, or the price of, any financial product.

Maximum penalty: $1,000,000

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KIN Price at posting: 12.5¢ Sentiment: None Disclosure: Held
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