So what you have here is the largest shareholder in Core Lithium providing the means, for a fee, for an outside source to short CXO and damage ( by way of abuses of the Corporations Act Sect 1041A,) the share price as much as possible.
In any " Proprietary" company in Australia if a large shareholder provided the means, for a fee, to an outside source to damage that very company that they are a large shareholder of, then both the outside source and the provider of the means would be guilty of engaging in criminal activity.
It seems to me therefore that the legal structure of the ASX rules, regarding the behavior of large shareholders in publicly listed companies and pertaining to the aforementioned examples, might be considered as simply a form of legalized criminal activity in this area.
How can this, in any form, be considered acceptable and not be seen as a rigged market favoring the powerful and wealthy few.
Can such activities as I have just described permit ASX listed companies, for the most part, to trade on their fundamentals /merits...?
You be the judge.
Not advice
- Forums
- ASX - By Stock
- CXO
- Banter and general comments
Banter and general comments, page-21471
-
-
- There are more pages in this discussion • 17,763 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 CXO (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.6¢ | $2.676M | 26.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 160000 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 953527 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 160000 | 0.099 |
3 | 198429 | 0.097 |
13 | 609983 | 0.096 |
12 | 1221736 | 0.095 |
3 | 291729 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 953527 | 8 |
0.105 | 5553071 | 74 |
0.110 | 3548366 | 51 |
0.115 | 1330203 | 27 |
0.120 | 1674976 | 25 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |