NOVIQTECH LIMITED (ASX:NVQ) - Ann: Application for quotation of securities - NVQ, 72964377, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Somsak1986: ↑

Community service announcement for ASX investors - please sign the petition here Chng.it/rqyqWzzTfpThis is a bitly link to go to to the main petition page of "stop dishonest practices on the ASX and demand a royal commission".Currently, amongst many other dishonest or dubious practices, ASIC allows Practices that amount to naked short selling which are illegal.Short selling during capital raises which destroys the share price making it very difficult for companies to raise capital at a fair price.The short selling of emerging companies that require capital to develop new projects thereby placing them at the mercy of predatory interests and lenders. Super Funds to lend out their clients shares to short sellers who hide within custodian accounts and collude with their lenders and other short selling companies in predatory attacks to force share prices down (short sellers earn money when the price goes down). By lending to support short sellers, the holdings of ‘mums and dads’ are weaponised against their best interests and usually without their knowledge.Exclusive after-hours trading for select parties where ownership can be exchanged without price discovery.Abuses of algorithmic trading and short selling that enables prices to be manipulated. It often results in ASX companies becoming forced into severe under-valuations where they are vulnerable to being taken over at low prices. Examples include retirement home company Aveo and baby formula company Bellamy’s.Collusive trading and coordinated shorting by Investment Banks, Privileges for investment bank brokers whereby they get to trade at an advantage over all other participants,https://www.abc.net.au/news/2012-04-11/kohler-high-frequency-trade-parasites-at-heart-of-asx/3943052Investment bank brokers flood the market with non-genuine algorithmic trades that continually show conflicts with the laws that govern trading. It is these trades that primarily set and maintain prices, not the genuine forces of supply and demand as required by a true market.Investment Banks forcing companies into liquidation unnecessarily. Liquidators then under-sell company assets to insiders, price gouge, and generally arrange things for the benefit of creditors whereby shareholders have zero rights. Often these companies are then relisted on disallowed at high prices for the benefit of the new buyer but only after shareholders have lost all entitlements.Coordinated pump and dump operations using well known investor forumsManipulated private equity buyouts of iconic companies, looting them and then relisting the gutted shells with inflated valuationsRampant and blatant insider trading that rarely leads to prosecution or conviction.Enforceable undertakings where guilty parties are given slap-on-the-hand fines for serious misdemeanours, whereby the offenders simply move on to the next scam.A sham approach to regulation that demoralises participants who go out of their way to report wrongdoing. Complainants will receive a standard letter that often doesn’t even refer to the problems raised and they are told that their correspondence will be filed. Invariably, nothing is done and the problems continue. Complaining can be a soul destroying experience.Every experienced investor knows about these dishonest and disgraceful practices that have seen the ASX openly described as a ‘Cowboy Bourse’ and the ‘Wild West’, yet ASIC continues to turn a blind eye to it. Whether through under-funding or corruption, ordinary investors are not being represented by the body charged explicitly with enforcing the laws that govern our financial markets. Only a Royal Commission will have the power and gravitas to bring about the root and stem changes required to give ordinary investors a level playing field and to stop the ripping off of billions of dollars by the white collar criminals otherwise known as the investment banks.email [email protected]

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Signed it, thanks mate!!

everyone sign it!!

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Signed it, thanks mate!!everyone sign it!!

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