You never know, maybe some conscientious pollies might push it!!
Shorting was traditionally a punt based upon ones assessment of a company's viability under declining economic conditions, failing markets or even inept management.
Since to advent of social media however, it has taken on a more sinister face.
Shorters slowly sell off their borrowed shares then drop a "report" via facebook or twitter etc, then do a massive dump to set the ball rolling, then sit back and laugh while watching the carnage unfold. All from a location beyond any legal recourse. I think it was J Capital who dropped a report on Wisetech at the start of the AGM so the company had no chance to reply.
Bonitas and Bucephalus adopt a similar method. None of them had the guts to stand in Australia and make the allegations for fear of legal repercussions. J Capital also put in a clause that it is illegal for anyone in Australia to read their reports. It may be a bit of a shock to that germ Murray, but he is not the law and has no power to enforce criminal prosecutions. What a clown!!
Action needs to be taken to stop this sort of thing.
Just maybe ASIC is on the way to enforcing stricter rules.
- Forums
- ASX - By Stock
- ADN
- General comments/chat
General comments/chat, page-19939
-
- There are more pages in this discussion • 24,803 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.42M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $84.87K | 10.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24406 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 22072475 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24406 | 0.008 |
61 | 29974136 | 0.007 |
29 | 10093156 | 0.006 |
17 | 14206199 | 0.005 |
5 | 7450000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 22072475 | 32 |
0.010 | 6137677 | 10 |
0.011 | 27266522 | 8 |
0.012 | 29515921 | 7 |
0.013 | 2310111 | 3 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online