I'm not going to say that insider trading is okay.
But I am going to say it is the way of the market....All markets....All exchanges.
Anyone who thinks different is naive in my opinion...Make no mistake the markets are shark tanks and by no means goldfish ponds.
Very often if you follow the money you will make money.
If you see unexplained appreciations in share prices, institutional investment, substantial holder notices one should take heed..It's for everyone to then disseminate the movement, study the fundamentals and arrive at their own decision because there is always risk...Simply following the money is not always enough but it's a good start.
In Redflows case, there is simply way too many stakeholders across this Optus opportunity to point the finger in any one direction...It's very unlikely the ASX would be able to find enough evidence to act upon it.
I've known of ASX listed companies to bring in their own professional auditors to investigate share price manipulation...Knowing is the easy part once it's discovered or reasonably suspected, getting it to stick in court is the hard part.
It was a fantastic announcement for Redflow, a reputable company in Optus is considering Redflow batteries across 50+sites...It's not the associated revenue that was important for Redflow...It was the validation of Redflow by a market maker in Optus.
A few tree shaking traders might try to unsettle RFX with talks of impropriety however if I was a genuine investor...I'd take the win and run.
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