88E 20.0% 0.2¢ 88 energy limited

Ann: Operations Update, page-70

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  1. 2,791 Posts.
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    Not insinuating that 88e is in any way involved in sp manipulation.
    My point was in relation to false hype created which is impacting supply and ultimately higher sp price, Price manipulation described as follow on page 4 in ASX Trading Practices, Business Rule Guidance notes: “In broad terms, market manipulation has been described as “the interference with supply and demand in the market for securities and either the inducement of persons to trade in a particular security or the attempt to force a security’s price to an artificial level.” A Black, “Regulating Market Manipulation: Sections 997-999 of the Corporations Law”. Australian Law Journal, Vol 70, December 1996, p987. Another description is the “affecting of the market for, or the price of, securities by artificial means i.e., means unrelated to the natural forces of supply and demand.” Mobil Corp -v- Marathon Oil Co, 669 F 2d 366 at p374.
    This Guidance Note does not seek to define what is a “false or misleading” appearance as each case will depend on its own circumstances.”

    https://www.asx.com.au/pdf/TradingPractices.pdf
 
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