This will only happen if the administrators are focussed on RCR and not their own bank account.
Wait for the unions to try and wheel in Korda Mentha. If they succeed we are all looking at a total scalping.
No reporting, no accountability and all under the watchful eyes of ASIC.
I have no idea why this is allowed to continue in corporate Australia. Nobody gets reprimanded. Just strip the carcass and move to the next opportunity many thanks to management and the banks.
This is supposed to be a balanced market that is equitable to all participants. Why dont ASIC investigate the short selling in the two weeks prior to last RCR TH. Somebody was in the know. My guess the banks and their cohorts but who cares what retail investors think? We dont have access to robots, the dark pool and inside knowledge.
Time for ASIC to show some leadership and stop this rort on retail investors.
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