this could be the biggest con in asx history , page-36

mrscrappy

Thank you for your kind words, I always believe the penny stocks market in OZ is under regulated, directors and brokers have too much control over the affair of their companies with very few avenues for shareholders to force a change when warranted.

Placements to the so called sophisticated without giving the shareholders a chance to participate, Pot trading without paying commission, short selling, selling to oneself to manipulate the market, pushing the price down to force the expiry of options, and many other practices make the market feel like a jungle rather than a level playing field, and I think ASIC should have more teeth to control that. But that is a long way off.

Southoz,

You are perfectly right, and I do speak from a PNO long term or a potential long term shareholder point of view, I have stated before when I traded PNO, and it is possible that another opportunity will come for a trade in the future, my thought has always been that CPS will try to run it after they have been allotted with some sort of a juicy ann, they will find the right moment of time to suit them and voila. No problem here, been there done that. But you can surely realise that is not what I am talking about here most of the time.

Thank for you good wishes and same to you.